Forbes December 19, 2024
Broadcom’s stock surged 35% in two days despite a mediocre Q4, as management offered investors a picturesque addressable market forecast for 2027. Q4 was not the blowout report the market made it out to be, as Broadcom fell just short of revenue estimates while guiding Q1 barely above consensus. Despite this, the market did solidify that momentum continues to build for AI stocks entering 2025.
Broadcom’s commentary on the call as to the serviceable addressable market for its two leading AI segments, custom silicon and networking, is why the stock moved a whopping 25%. As a reminder, a serviceable addressable market refers to market size the company can service, and is not a forecast of the company’s revenue. While Broadcom...
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