AVGO - Broadcom Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
282.81
+5.32 (+1.92%)
As of 10:44AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close277.49
Open282.51
Bid281.91 x 900
Ask282.14 x 800
Day's Range281.14 - 285.45
52 Week Range197.46 - 323.20
Volume947,950
Avg. Volume2,761,754
Market Cap112.579B
Beta (3Y Monthly)0.64
PE Ratio (TTM)37.75
EPS (TTM)7.49
Earnings DateSep 4, 2019 - Sep 9, 2019
Forward Dividend & Yield10.60 (3.81%)
Ex-Dividend Date2019-06-21
1y Target Est316.61
Trade prices are not sourced from all markets
  • Broadcom Stock Is Technically Stronger than Peers
    Market Realist3 hours ago

    Broadcom Stock Is Technically Stronger than Peers

    Broadcom (AVGO) stock gives a glimpse of the health of semiconductor stocks. It moves in tandem with the VanEck Vectors Semiconductor ETF (SMH). Semiconductor stocks rose in the first four months of 2019 over the anticipation of growth in the second half.

  • GuruFocus.com15 hours ago

    Broadcom Inc (AVGO) President and CEO Hock E Tan Sold $5.3 million of Shares

    President and CEO of Broadcom Inc (NASDAQ:AVGO) Hock E Tan sold 20,000 shares of AVGO on 06/17/2019 at an average price of $264 a share.

  • Nasdaq Today: All Eyes on the Fed
    InvestorPlace18 hours ago

    Nasdaq Today: All Eyes on the Fed

    After Tuesday's big rally, Wednesday's session was muted most of the day, but it wasn't boring. What moved the Nasdaq today? As is typically the case on FOMC meeting days, the Federal Reserve was on everyone's radar.Source: Shutterstock While the market was pricing in a roughly 25% chance of a rate cut this month, it was no surprise that the Fed held steady. But that doesn't mean they will continue to do so going forward. According to the Fed Funds futures, there's a 77% chance that the Fed will cut rates next month. Further, the market is pricing in a 62% chance that the Fed cuts twice by its September meeting.On some level, that feels bearish given that the Fed shouldn't be cutting rates in a healthy environment. That said, with the U.S. economy mostly humming along, investors don't want to fight the Fed. If it's willing to be accommodative and dovish, investors don't want to be stubborn.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Top Stock Trades for Thursday: UBER, JBL, ADBE, SHOP That can be a boon for tech stocks, which tend to thrive in a low interest rate environment. If that ends up being the case, look for the PowerShares QQQ ETF (NASDAQ:QQQ) to benefit. Wednesday's WinnersChip stocks, like Advanced Micro Devices (NASDAQ:AMD), Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) held up well on Wednesday after Tuesday's powerful rally. Should the trade-war rhetoric continue to improve, the semiconductors should continue to see upside.Adobe Systems (NASDAQ:ADBE) jumped more than 5% in Wednesday's session, after the company beat on earnings and revenue expectations. However, management's outlook for next quarter came up short of expectations, which makes today's rally somewhat peculiar. It appears that investors are willing to give ADBE the benefit of the doubt and seem to like the partnership with Microsoft (NASDAQ:MSFT).Speaking of MSFT, shares hit yet another new highs on the day, after doing so on Tuesday as well.Jabil Inc (NYSE:JBL) jumped double digits on the day, rising more than 10% after better-than-expected earnings. Non-GAAP earnings of 57 cents per share was in-line with expectations, while revenue of $6.14 billion beat consensus estimates by $130 million and grew 12.9% year-over-year. Now, the stock is flirting with a major multi-year breakout.T-Mobile (NASDAQ:TMUS) tacked on another 2.4% gain on Thursday, as it looks increasingly likely that it will get the green light from the DoJ to acquire Sprint (NYSE:S). The latter rose 3% on the same optimism, as reports peg Dish Network (NASDAQ:DISH) as the likely suitor to buy the duo's asset sales, which are necessary for regulatory approval.Shopify (NYSE:SHOP) jumped 7.5% to new highs following a positive take from its investor meeting. The stock hit another new all-time high on the day as the Shopify train just keeps on rolling. Should shares hit $356, it will be a triple from the December lows. The LosersVideo game stocks struggled on Wednesday, led lower by Activision Blizzard (NASDAQ:ATVI), which fell about 1%. Take-Two Interactive Software (NASDAQ:TTWO) ended flat after a strong last hour of trading, while Electronic Arts (NASDAQ:EA) ending higher on the day despite a lower open. The group was under pressure Wednesday following video game sales data showing an 11% year-over-year decline for May, while hardware sales slumped 20%.Facebook (NASDAQ:FB) struggled again on Wednesday. The stock opened at its highs on Tuesday, but fell despite announcing its new cryptocurrency. That selling continued today, with the stock down 0.53%. It cast a shadow over social media stocks, with Twitter (NYSE:TWTR) falling 1%, Snap (NYSE:SNAP) dropping 1.3% and Pinterest (NYSE:PINS) sinking 2.5%. The Bottom Line on the Nasdaq TodayThe Fed was the most polarizing event of the day and its aftermath will show itself in the days and weeks to come. Will the event act as a catalyst to propel stocks to new highs? After all, the Nasdaq is less than 200 points or about 2.1% away from those highs now. Or will investors sell the market lower despite the Fed's accommodative stance?Let price be the guide. If Wednesday's closing action is any indication, buyers want in on the market heading into the early part of summer.What I really want to see how is how the Nasdaq, S&P 500 and Dow Jones trade through the rest of the week. While they rose 0.42%, 0.33% and 0.15% on Wednesday, respectively, I want to see if the move has staying power. A strong finish to the week very well could bring new highs, but we need to see that continuation to confirm it. * Dow Jones Today: Stocks Almost Had Some Fed Fun Let's see if chip stocks can continue to push higher and if Adobe can climb up toward $300. And for Pete's sake, can we get some participation from the FANG stocks?Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AMD, AVGO, NVDA and PINS. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Nasdaq Today: All Eyes on the Fed appeared first on InvestorPlace.

  • TheStreet.com19 hours ago

    2 Semiconductor Stocks That Could Get Hurt Without a Chinese Trade Deal

    Mad Money viewers Tuesday night were cautioned by Jim Cramer not to expect a trade deal with China at the G20 summit in Japan next week. Cramer said Broadcom Inc. In the daily bar chart of AVGO, below, we have seen a sharp May decline which included a gap to the downside.

  • 8 Beaten Down Blue Chips with Upside as S&P 500 Nears Record
    Investopedia19 hours ago

    8 Beaten Down Blue Chips with Upside as S&P 500 Nears Record

    Despite the S&P 500 trading at lofty heights, 8 blue chip stocks are still selling well below their record highs but may be poised for big gains as investors pursue diverse strategies to profit amid a volatile U.S.-China trade war. Some professional investors are wading in to buy beaten down blue chips from the semiconductor industry, including Broadcom Inc. (AVGO), Xilinx Inc. (XLNX), NXP Semiconductors N.V. (NXPI) and Skyworks Solutions Inc. (SWKS). Goldman says these service stocks are much more likely to outperform than stocks in goods-producing sectors.

  • Both Sides Play Mind Games ahead of Trump-Xi Meeting
    Market Realist23 hours ago

    Both Sides Play Mind Games ahead of Trump-Xi Meeting

    US equity markets rallied yesterday, and the S&P 500 (SPY) gained almost 1.0%. Markets have now largely recouped their May losses. Along with the dovish stance taken by European Central Bank President Mario Draghi, positive comments on US-China trade talks lifted markets yesterday.

  • How Markets Went from ‘Trump Trade’ to ‘Trade War Trade’
    Market Realist23 hours ago

    How Markets Went from ‘Trump Trade’ to ‘Trade War Trade’

    When Donald Trump was elected as the US President in 2016, we saw a sharp rally in some stocks, especially in the metals and mining space. Trump’s pro-growth policies and trillion-dollar infrastructure plans were expected to lift US metal consumption.

  • Trade Resolution, Easy Fed, and Growth Can’t Hold for Long
    Market Realistyesterday

    Trade Resolution, Easy Fed, and Growth Can’t Hold for Long

    If the Fed doesn't signal significant easing ahead, the markets could nosedive. Many analysts agree that the markets might be overpricing the Fed's rate cuts this year.

  • The Zacks Analyst Blog Highlights: Broadcom, Amgen, NVIDIA, Bristol-Myers and Restaurant Brands
    Zacksyesterday

    The Zacks Analyst Blog Highlights: Broadcom, Amgen, NVIDIA, Bristol-Myers and Restaurant Brands

    The Zacks Analyst Blog Highlights: Broadcom, Amgen, NVIDIA, Bristol-Myers and Restaurant Brands

  • Broadcom’s Networking Guidance Is Good News for Intel and NVIDIA
    Market Realistyesterday

    Broadcom’s Networking Guidance Is Good News for Intel and NVIDIA

    Broadcom (AVGO) slashed its full-year fiscal 2019 revenue guidance for its Semiconductor Solutions segment by 10%, or $2 billion, dampening hopes of a revival in the second half. However, the company experienced strong demand in its networking business and expects revenue in this segment to grow in the double digits in fiscal 2019.

  • Bear of the Day: Qorvo (QRVO)
    Zacksyesterday

    Bear of the Day: Qorvo (QRVO)

    Bear of the Day: Qorvo (QRVO)

  • Can Trump and Powell Deliver on Expectations?
    Market Realistyesterday

    Can Trump and Powell Deliver on Expectations?

    US markets rose sharply yesterday, and the NASDAQ Composite (QQQ) rose 1.4%. Semiconductor stocks were among the biggest gainers. NVIDIA (NVDA), Advanced Micro Devices (AMD), Broadcom (AVGO), and Intel (INTC) rose 5.4%, 4.3%, 4.5%, and 2.7%, respectively.

  • What Broadcom’s Guidance Says about the Semiconductor Industry
    Market Realistyesterday

    What Broadcom’s Guidance Says about the Semiconductor Industry

    Broadcom’s (AVGO) broad portfolio across the communications and networking markets makes it a barometer for the health of the semiconductor industry. The company’s recent guidance cut slashed the chip industry's hopes of a second-half demand recovery amid the Huawei ban.

  • Trump Rally: Which Tech Stocks Rose Nearly 5%?
    Market Realistyesterday

    Trump Rally: Which Tech Stocks Rose Nearly 5%?

    On June 18, the broader market rose sharply after President Trump’s tweet raised the possibility of a near-term solution to the ongoing US-China trade war. The US chip industry has been impacted by the trade war.

  • Huawei Ban Presents Longer-Term Growth Opportunity for US Firms
    Market Realistyesterday

    Huawei Ban Presents Longer-Term Growth Opportunity for US Firms

    The technology ban on Huawei is expected to slash the revenue of its US chip suppliers in the second half of the year. However, there could also be a positive effect on the Huawei ban, but it will take some time to materialize.

  • For All Of The Problems Facing Qualcomm Stock, China Looms Largest
    InvestorPlaceyesterday

    For All Of The Problems Facing Qualcomm Stock, China Looms Largest

    Qualcomm (NASDAQ:QCOM), one of the largest U.S. semiconductor makers, has been on a roller coaster ride this year. Following some favorable legal wranglings against Apple (NASDAQ:AAPL), QCOM stock surged in April before giving back all those gains in May.Source: Karlis Dambrans via FlickrThat retreats came as Qualcomm and some rival domestic semiconductor manufacturers found themselves front and center in the U.S.-China trade imbroglio. Over the past month, Qualcomm stock is off by 16.54%, a loss that is more than 1,000 basis points worse than the decline by the widely followed PHLX Semiconductor index over the same period.Many of the recent ills endured by Qualcomm stock are attributable to the company's relationship with the controversial Chinese company Huawei, which was recently blacklisted by U.S. regulators.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"While coverage surrounding the U.S. government's Huawei ban has focused primarily on how the Chinese tech giant will be affected, it's worth remembering that the company's U.S. suppliers also stand to lose a great deal of money in the fallout of President Trump's executive order," reported TechRadar. * 7 Top-Rated Biotech Stocks to Invest In Today Coming down hard on a Chinese company can make for good politics, but there are consequences for American companies, too, particularly in the technology sector. In fact, Qualcomm and rival Intel (NASDAQ:INTC) are among the firms lobbying hard against the Huawei ban.Other Qualcomm rivals, notably Broadcom (NASDAQ:AVGO), are delivering glum earnings or revenue guidance, citing the China trade war. Issues Besides ChinaMay was a bad month for QCOM stock for reasons besides China. Actually, trade tensions were more like another sour ingredient to an already-toxic cocktail that was Qualcomm stock last month. The shares were hit by a double-digit loss on May 24 after U.S. District Judge Lucy Koh ruled in favor of the Federal Trade Commission (FTC) in an antitrust action it brought against Qualcomm.The judge ruled the company used its strong position in the wireless chip market to charge excessive royalties for its patents, unlawfully hurting competition, Barron's reported.Of course, Qualcomm is appealing that ruling to the U.S. Court of Appeals for the 9th Circuit, representing yet another legal overhang for QCOM stock and that means uncertainty and there's nothing that markets hate more than uncertainty."We fully expect Qualcomm to appeal this ruling and try to get the injunctive remedies put off," said Morningstar analysts. "We don't believe Qualcomm's recent licensing agreement with Apple is at risk, yet. That said, we are lowering our fair value estimate for narrow-moat Qualcomm from $80 to $72 and increasing our uncertainty rating to very high as we believe there is too much up in the air related to this ruling and the ongoing Huawei-related issues."Swap "ucertainty" for "lack of clarity," and that's how other analysts are viewing Qualcomm stock right following the company's legal scrap with the FTC. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 "What is clear is that this decision was entirely unexpected and the impact on the business model could be material, assuming QCOM loses on appeal," said Evercore ISI analyst C.J. Muse. "No changes to our rating and price target now as we await more clarity, but there is no doubt this decision will drive shares lower and potentially keep investors (again) on the sidelines until there is more clarity to the certainty of QCOM's royalty and chipset businesses. We will come back as soon as we have more clarity." Bottom Line on QCOM Stock: A Lot Of RisksOn a technical basis, QCOM stock has support at $69, but a violation of that area could result in a decline down to the 200-day moving average more than 9% away.The company's next earnings report is due on July 24 and analysts are expecting Qualcomm to post earnings of 62 cents a share. Should negative guidance, a la Broadcom, emerge, QCOM stock would likely be punished.Additionally, Qualcomm stock trades well below the average analyst price target of almost $89, meaning that if the sell-side starts revising that forecast down, with several negative revisions in a condensed period of time, the shares will sag.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post For All Of The Problems Facing Qualcomm Stock, China Looms Largest appeared first on InvestorPlace.

  • TheStreet.com2 days ago

    Jim Cramer: Don't Get Your Hopes Up on China Deal

    What makes a China stock? All you have to do is look at what rallied big after President Donald Trump tweeted that he had a very good conversation with Chinese President Xi Jinping -- in itself a shocker these days -- and will have an extended conversation with the man who rules the Peoples Republic, when they get together next week at the G-20 meeting. Ten-year interest rates are diving, housing's weakening, retail's sluggish and the transports are flagging.

  • Chipmakers QCOM and AVGO Bounce-Back After Rough Week
    Zacks2 days ago

    Chipmakers QCOM and AVGO Bounce-Back After Rough Week

    Recently, there has been significant turmoil surrounding the electronics component sector, specifically in wireless equipment and semiconductors. This was mostly due to the US blacklist of Huawei in May, coupled with increased US-China trade war tensions.

  • Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric
    InvestorPlace2 days ago

    Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric

    At one point on Tuesday, the Nasdaq was up about 2% on the day. Although the index eased off those gains going into afternoon trading, investors didn't completely take their foot off the gas.Source: Shutterstock Thanks to positive comments from President Donald Trump, the Nasdaq jumped 1.39% on the day, outperforming both the Dow Jones and S&P 500, which climbed 1.35% and 0.97%, respectively.So what did Trump say to cause such a rally? Well, the very opposite of what he said to derail the stock market rally last month. As trade-war worries flood Wall Street and wreak havoc on conference calls, the President tweeted that he, "Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis sent tech stocks, and in particular, chip stocks soaring on the day. In tech, the trade war has impacted everything from customer demand to declining margins thanks to increased tariffs. Some of the industry has been able to shake off the woes -- like Cisco Systems (NASDAQ:CSCO) and Microsoft (NASDAQ:MSFT) -- but not everyone has been so lucky. Biggest Winners in the Nasdaq TodayChipmakers stole the show Tuesday, as Advanced Micro Devices (NASDAQ:AMD), Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) -- here's how to trade AVGO stock -- all scorched higher on the day. * 5 Stocks to Buy for $20 or Less AMD raced higher by 4.3%, while Nvidia jumped 5.4% and Broadcom rallied 4.5%. The mere idea that the trade war talks could improve was enough to send these stocks skyward. It has got many on Wall Street wondering just how compressed this group is thanks to the friction between China and the White House. If the trade-war rhetoric remains positive ahead of the G-20 summit, it's possible for this group to continue higher.That said, investors also have to be aware of the Federal Reserve meeting on Wednesday. There's only a 24% chance of a rate cut announcement at this meeting, so most investors aren't expecting one yet. But they will be looking for a more dovish stance from the Fed, particularly following the European Central Bank's accommodative stance this week, and given the fact that the futures market is pricing in a 98% chance for at least one rate cut by December.So that's something to be aware of.NAND and DRAM players were also in the spotlight. Micron (NASDAQ:MU) jumped 5.7%, while equipment makers like Lam Research (NASDAQ:LRCX) and Applied Material (NASDAQ:AMAT) rallied 4.6% and 4.5%, respectively. Click to Enlarge Adobe Systems (NASDAQ:ADBE) is on investors' radar too, as it gears up to report second-quarter earnings after the close. Consensus expectations call for earnings of $1.78 per share on revenue of $2.7 billion. Those estimates suggest year-over-year growth of 18.5% and 23.2%, respectively.Finally, Microsoft is shaking off any worries about the trade war as shares hit new all-time highs. MSFT closed at $135.16, up 1.74%, while rallying almost 10% so far this month. Bottom Line on the Nasdaq TodayThe trade war is what dragged the Nasdaq from its all-time highs in early May. But a resolution is likely what will vault the index back up to them. The markets came into June in an oversold condition, but the bounce was most telling. After the Nasdaq, S&P 500 and Dow all rallied to start the month, the bears weren't able to push it back down.That action is important, suggesting that a larger rally was brewing after some consolidation. That extension could be taking place now, but we still have the Fed to get through.Fed Chair Powell has not been the smoothest talker when it comes to FOMC events, so it will be interesting to see how the market reacts tomorrow. A dovish Fed could ignite stocks even higher, while a hawkish Fed could undo many of today's nice gains. The same rally/puke potential exists with the President's Twitter account.All said, it was a very strong day for the Nasdaq today, although Facebook (NASDAQ:FB) was a noteworthy laggard.The social media giant finally announced its Libra cryptocurrency. While this was anything but a secret, it was interesting to see FB give up all of its Tuesday gains. Ending slightly lower on the day, down 29 basis points, is not what many investors had in mind given the strength in tech.The bottom line: Watch the Fed on Wednesday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMD, NVDA and AVGO. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric appeared first on InvestorPlace.

  • Broadcom’s Guidance Shows Impact of Huawei Ban on Chip Companies
    Market Realist2 days ago

    Broadcom’s Guidance Shows Impact of Huawei Ban on Chip Companies

    The United States banned all its companies from doing business with Huawei effective May 15 but later gave a 90-day waiver to give the US and Chinese firms time to adjust their supply chains. This ban goes two ways. US firms cannot ship technology to Huawei, nor can they use Huawei’s technology.

  • Huawei Ban and Demand Slowdown Hit Broadcom’s Fiscal 2019 Revenue
    Market Realist2 days ago

    Huawei Ban and Demand Slowdown Hit Broadcom’s Fiscal 2019 Revenue

    Broadcom (AVGO) is among the world’s top ten chipmakers by revenue. It has one of the most diversified communication chip portfolios. It designs semiconductors for telecommunications gear, mobile, TV, and cable boxes, enterprise, and data center.

  • Top Analyst Reports for Broadcom, Amgen & NVIDIA
    Zacks2 days ago

    Top Analyst Reports for Broadcom, Amgen & NVIDIA

    Top Analyst Reports for Broadcom, Amgen & NVIDIA

  • Have Semiconductor Stocks Hit Their 2019 Bottom Yet?
    Market Realist2 days ago

    Have Semiconductor Stocks Hit Their 2019 Bottom Yet?

    Semiconductor stocks could fall further toward the end of June if the United States decides to impose tariffs on the additional $300 billion of Chinese imports and China retaliates with export restrictions on rare earth minerals. The semi stocks could also be impacted by a weak second-quarter earnings season that reflects the financial impact of the trade war.

  • 6 Chip Stocks Staring At Big Headwinds in 2019
    InvestorPlace2 days ago

    6 Chip Stocks Staring At Big Headwinds in 2019

    Chip stocks have been on a volatile ride over the past year as investors have struggled to grapple with where exactly the semiconductor industry goes next.The iShares PHLX Semiconductor ETF (NASDAQ:SOXX) rallied to all-time highs in mid-2018 as the industry broadly benefited from record cloud data-center spend, steady PC and smartphone growth, strong global auto growth and burgeoning demand in the AI and IoT end-markets. But, in late 2018, the SOXX ETF tumbled more than 25% on concerns that a slowing global economy was going killing all that robust demand, at the same time that supply was building across the whole sector.Chip stocks shrugged off those fears in early 2019. As the global economy stabilized and recession fears disappeared, so did concerns regarding a slowdown in the semiconductor space. The SOXX ETF rallied back to all-time highs by late April 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThen, another sell-off began. Trade tensions re-escalated. Recession fears came back. So did concerns surrounding global semi demand. Chip stocks sold off. They remain in selloff mode today. As of this writing, the SOXX ETF trades 15% off its April 2019 highs.What's next in this wild trip for chip stocks? Tough to say. But, it is easy to say that these stocks are broadly staring at big demand headwinds in 2019.The PC and smartphone markets globally are flattening out, because everyone who wants either a computer or a smartphone, already has one. Global auto sales are dropping, especially in China, as consumers continue to express caution with the global economy slowing. Big tech companies are likewise acting more cautiously, and record data-center spend in 2018 is coming down in 2019. * 7 Top-Rated Biotech Stocks to Invest In Today Net net, the backdrop isn't great for chip stocks right now. As such, investors should be cautious when considering an investment in any of the following chip stocks. Micron (MU)Source: Shutterstock One of the riskiest chip stocks here and now is memory chip giant Micron (NASDAQ:MU), for the simple reason that the memory market is notoriously and violently cyclical.In the memory market, it's all about supply-demand fundamentals. When demand is high and supply is low, memory chip prices are high, and memory chip-makers make boat loads of profits. But, when demand is low and supply is high, memory chip prices are low, and memory chip-makers make no profits. Unfortunately, supply and demand in the memory market cycle often and dramatically. Eras of high demand and low supply are usually followed by eras of low demand and high supply. Just look at a chart of Micron's profits or stock price over the past two decades.Right now, we are in the process of the memory market going form high demand and low supply, and to rising supply and falling demand. The rising supply part seems to be moderating. But, the falling demand part isn't moderating, mostly because rising geopolitical tensions continue to dilute memory chip demand. So long as that remains true, Micron's profits will continue to drop, and so will MU stock.As such, until the global memory market demand picture turns positive, MU stock will have a tough time staging a big turnaround. Broadcom (AVGO)Source: Shutterstock One of the biggest semiconductor companies in the world, Broadcom (NASDAQ:AVGO), is not exempt from the macro factors diluting demand across the global semi industry.Broadcom just reported solid second-quarter numbers, which broadly topped expectations and included double-digit revenue growth alongside healthy margin expansion. But, management also delivered a significantly sub-par, full-year guide thanks to what they are calling a "broad-based slowdown in the demand environment". The culprit? Rising geopolitical uncertainties that are causing customers to reduce inventory levels.So long as this slowdown persists, AVGO stock will have a tough time rallying. The stock isn't particularly cheap here relative to its historical standard, at 12-times forward earnings today versus a five-year average forward multiple of 13. As such, you have a stock with not-so-good, go-forward fundamentals, trading at a historically average valuation. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 That's not a great combo. Until this stock gets cheaper -- or until the fundamentals improve -- AVGO stock will likely fail to rally. Qualcomm (QCOM)Source: Shutterstock The story at Qualcomm (NASDAQ:QCOM) is riddled with question marks. All those question marks against the backdrop of a depressed semi market backdrop could keep QCOM stock stuck in neutral for the foreseeable future.Qualcomm scored a huge win recently, when Apple settled with the chip giant, paid the company a huge lump sum royalty payment and came back on as a Qualcomm customer. Shortly after that, though, it was ruled that Qualcomm's patent royalty practices violated U.S. antitrust law. That's a big deal, since most of Qualcomm's profits come from the high-margin licensing business. The ruling broadly implies that the licensing business is going to have to change, and in a way that will probably dilute profits.Consequently, investors are stuck asking themselves exactly what Qualcomm's licensing business will look like in a few years. The truth is, no one knows. Investors don't like uncertainty. They especially don't like uncertainty when it comes against the backdrop of a depressed macro semi market struggling with falling demand and geopolitical tensions.To be sure, none of these issues will last for QCOM stock. The stock does look like a good long-term buy here, since long-term fundamentals are healthy. But, near-term uncertainty will ultimately keep QCOM stock depressed for the foreseeable future. Advanced Micro Devices (AMD)Source: AMD The story at Advanced Micro Devices (NASDAQ:AMD) is a bit different than the story supporting other chip stocks at the current moment.Specifically, the story at AMD is actually much better. AMD has taken an innovation lead over competitor Intel (NASDAQ:INTC) in the CPU market, and it has leveraged that innovation lead to rapidly grow market share over the past several quarters. This market share expansion has driven out-sized revenue growth and margin expansion, which has produced robust profit growth. This market share expansion narrative projects to persist for the foreseeable future, meaning AMD should continue to report pretty good numbers.But, this market share expansion is happening in a market that's struggling with falling demand. At the core of this falling demand is reduced cloud data-center spend from the titans of tech. This spend reduction is a temporary phenomena. But, so long as it lasts, AMD's numbers won't be as good as they need to be, to support the stock's near 50-times forward multiple. * 10 Tech Stocks to Buy Now for 2025 As such, while the story at AMD is better than the story for other chip stocks, the stock is not exempt from macro demand headwinds, and those macro demand headwinds could ultimately hinder the richly valued AMD stock from rallying much further. Nvidia (NVDA)Source: Shutterstock When it comes to shares of GPU giant Nvidia (NASDAQ:NVDA), you have a situation of near-term pain and long-term gain.In the near term, Nvidia will continue to struggle with inventory and pricing issues as cloud data-center spend moderates against the backdrop of a slowing global economy and rising geopolitical tensions. So long as these inventory and pricing issues remain, revenue growth at Nvidia will remain tepid, while margins will remain under pressure. NVDA stock will struggle to rally.In the long term, Nvidia will work through these inventory and pricing issues since secular tailwinds support robust demand for the next several years in the data and AI-related markets that Nvidia services. Once those issues are cleared, big revenue growth will come back into the picture, as will margin expansion. This combination will power healthy profit growth, and that healthy profit growth will drive NVDA stock higher.Net net, the situation at Nvidia is one defined by near-term pain and long-term gain. Thus, depending on your time horizon, NVDA stock is either an avoid here, or a good buy. Texas Instruments (TXN)Source: Shutterstock Over at semiconductor giant Texas Instruments (NASDAQ:TXN), you have a chip stock that has worrisome exposure to the slowing global auto market.Texas Instruments views the industrial and auto markets as the best markets in the semiconductor space, and as such, has focused their resources on maximizing exposure to those markets. Over 50% of revenues now come from the auto and industrial markets. Four to five years ago, that number hovered around 40%.The problem here is that the auto market is fading globally. China auto sales have been tumbling for several months. The U.S. auto market has been weak lately, even with low interest rates. The European auto market is seeing declines for the first time since 2013. Broadly, after several years of red-hot growth, the global auto market is in retreat, and that's not good news for Texas Instruments. * The 10 Best Index Funds to Buy and Hold At the same time, TXN stock isn't cheap for a semi stock, trading at 20-times forward earnings. That combination of a not-cheap valuation and mounting headwinds in the company's most important market, ultimately means that TXN stock may not have much room for further upside in the foreseeable future.As of this writing, Luke Lango was long QCOM and INTC. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post 6 Chip Stocks Staring At Big Headwinds in 2019 appeared first on InvestorPlace.

  • Micron and NVIDIA Lead Semiconductor Gains on June 18
    Market Realist2 days ago

    Micron and NVIDIA Lead Semiconductor Gains on June 18

    Semiconductor stocks have spiraled upwards today. The VanEck Vectors Semiconductor ETF (SMH) is up 4.6% currently, while the iShares PHLX SOX Semiconductor ETF (SOXX) is up 4.9%. Though trade war concerns remain, some stocks like NVIDIA might be undervalued due to their recent declines.