Seeking AI Exposure? Use This Zacks Tool
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.
Let’s take a closer look at the Artificial Intelligence theme and analyze a stock that the screen returned, namely Broadcom AVGO.
Artificial Intelligence Screen
The Zacks Artificial Intelligence thematic screen features a diverse set of companies involved in the AI frenzy, ranging from creators of software and hardware that power AI to those applying and utilizing the technology through automation, diagnostics, cognitive tasks, and more. To view the AI thematic screen, please click here.
Broadcom Benefits from AI Buildout
Reflecting a key player in the AI infrastructure buildout, Broadcom provides custom AI chips and high-speed networking solutions needed to connect massive GPU clusters. AI revenue of $8.4 billion throughout its latest period grew 106% year-over-year, above its forecast and underpinned by strong demand for custom AI accelerators and AI networking.
Broadcom’s strong cash generation has also been a big reason investors have loved the stock throughout its history, enabling it to offer a strong blend of high-growth tech exposure and consistently growing dividend payouts. The company currently sports a 13.1% five-year annualized dividend growth rate, with the chart below illustrating its dividends paid on a quarterly basis over the last decade.
Image Source: Zacks Investment Research
Bottom Line
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.
Upon running the Zacks Artificial Intelligence Thematic screen, Broadcom AVGO was returned.
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Broadcom Inc. (AVGO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Source Zacks-com
