Nvidia Peer Targets Buy Point — And Pulls Off This Unique Feat
Nvidia Peer Targets Buy Point — And Pulls Off This Unique Feat
Homepage   /    sports   /    Nvidia Peer Targets Buy Point — And Pulls Off This Unique Feat

Nvidia Peer Targets Buy Point — And Pulls Off This Unique Feat

🕒︎ 2025-10-20

Copyright Investor's Business Daily

Nvidia Peer Targets Buy Point — And Pulls Off This Unique Feat

Including Nvidia (NVDA), Alphabet (GOOGL) and Tesla (TSLA), none of the Magnificent Seven members has pulled off this feat, but fellow artificial intelligence giant Broadcom (AVGO) has: Broadcom stock has made the list of new buys by the best mutual funds for five straight months. The AI semiconductor designer and Nvidia industry peer has also etched a spot on Investor's Business Daily's Leaderboard. Broadcom stands poised to launch a fresh breakout to an all-time high. Are AI Stocks Driving A Stock Market Tech Bubble? Here's What The Data Says. Broadcom Rides Wave Of AI Demand Headquartered in Palo Alto, Calif., Broadcom supplies Apple (AAPL) and other key companies. It also serves a wide range of dynamic industries such AI, electrification, telecom infrastructure and automation. In the latest list of new buys by top funds, leading money managers scooped up $1.72 billion worth of Broadcom stock. Nvidia and Alphabet also made the list, as did fellow AI stocks to watch Palantir Technologies (PLTR) and AppLovin (APP). During its still-alive streak of making this screen for five straight months, Broadcom topped the list in the June report, raking in a whopping $24.49 billion. One driver of that sustained demand is Broadcom's long track record of strong and steady growth in sales and earnings. Over the last five quarters, the Nvidia rival has delivered sales growth ranging from 20% to 51%. During the same time, earnings growth has come in at 18% to 45%. In its fiscal third-quarter report released in September, Broadcom posted a 36% jump in earnings per share to $1.69 on 22% revenue growth to $16 billion. Broadcom Stock Looks To Etch New Breakout As it flashes multiple signs of technical strength, Broadcom stock is targeting an all-time high. As shown in IBD Stock Checkup, Broadcom sports a B+ Accumulation/Distribution Rating and a 1.3 up/down volume ratio. Along with Nvidia, it holds the highest-possible 99 Composite Rating. Trading solidly above its 21-day exponential move average and its sharply rising 50-day line, Broadcom continues to work on an early-stage flat base with a 374.23 buy point. Fellow AI juggernaut Nvidia has found support at its 50-day line as it looks to get back into a 184.48 buy point it cleared earlier. And fellow IBD Leaderboard member Google stock continues to trade right around its all-time high. Follow Matthew Galgani on X at @IBD_MGalgani. YOU MAY ALSO LIKE: Could AI Bubble Crowd Out Other Parts Of U.S. Economy? Nvidia Returns, Palantir Remains As Top Funds Bank On This Stock How To Read Stock Charts See Which Stock Just Came On – And Off – These Premier Stock Screens

Guess You Like

The Biggest Meet & Greet Ever! Ofis Square X UP Yoddhas
The Biggest Meet & Greet Ever! Ofis Square X UP Yoddhas
VMPLNew Delhi [India], October...
2025-10-21
Southern AD explains why he fired coach Terrence Graves
Southern AD explains why he fired coach Terrence Graves
The five-game losing streak wa...
2025-10-21