SOXL #15

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AVGO Company Overview  

Broadcom  Inc., formerly Broadcom Limited, is a designer, developer and global  supplier of a range of semiconductor devices with a focus on digital and  mixed signal complementary metal oxide semiconductor based devices and  analog III-V based products. The Company operates through four segments:  Wired Infrastructure, Wireless Communications, Enterprise Storage, and  Industrial & Other. It offers a range of products that are used in  end-products, such as enterprise and data center networking, home  connectivity, set-top boxes, telecommunication equipment, smartphones,  data center servers and storage systems, factory automation, power  generation and alternative energy systems, and electronic displays. Its  product portfolio ranges from discrete devices to complex sub-systems  that include multiple device types, and also includes firmware for  interfacing between analog and digital systems. Its products include  mechanical hardware that interfaces with optoelectronic or capacitive  sensors. 

Q.D.M / Yield

$0.53 / 1.29%

Company Contact

Headquarters

1320 Ridder Park Dr
San Jose, CA 95131-2313.

Invested 12/06/2017

@ 261.3536

Added to investment thru corporate share re-organization

3 times the shares of AVGO per each share of the corporate AVGOP.

On 9/30/20 @ 455.9299.

***7/15/2024 stock split 10-1

cost basis IS NOW

$44.3729 per share!

Ex-Dividend Date

9/19/2024

Dividend Payable Date

9/30/2024

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******7th Highest percentage gainer 

across all portfolios UP +456.49%^

All dividends are re-invested.

*Dividend paid 1/02/2018 

*Dividend paid 4/02/2018 

*Dividend paid 6/29/2018 

*Dividend paid 9/28/2018 

*Dividend paid 12/28/2018

*Dividend paid 3/29/2019 

*Dividend paid 7/02/2019 

*Dividend paid 10/01/2019 

*Dividend paid 12/31/2019

*Dividend paid 3/31/2020 

*Dividend paid 6/30/2020

*Dividend paid 9/30/2020

*Dividend paid 12/31/2020

*Dividend paid 3/31/2021 

*Dividend paid 6/30/2021 

*Dividend paid 9/30/2021

*Dividend paid 12/31/2021

*Dividend paid 3/31/2022

*Dividend paid 6/30/2022

*Dividend paid 9/30/2022

*Dividend paid 12/30/2022

*Dividend paid 3/31/2023

*Dividend paid 6/30/2023

*Dividend paid 9/29/2023

*Dividend paid 12/29/2023

*Dividend paid 3/29/2024

-- Ten-for-one forward stock split; trading on a split-adjusted basis is 

      expected to commence on July 15, 2024

*Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results and Quarterly Dividend

4:15 PM ET 12/8/22 | Dow Jones

 PR Newswire

SAN JOSE, Calif., Dec. 8, 2022

  -- Cash from operations of $4,583 million for the fourth quarter, less 

      capital expenditures of $122 million, resulted in $4,461 millions of free 

      cash flow, or 50 percent of revenue 

 

   -- Quarterly common stock dividend increased by 12 percent to $4.60 from the 

      prior quarter 

 

   -- Revenue of $8,930 million for the fourth quarter, up 21 percent from the 

      prior year period 

 

   -- GAAP net income of $3,359 million for the fourth quarter; Adjusted EBITDA 

      of $5,722 million for the fourth quarter 

 

   -- GAAP diluted EPS of $7.83 for the fourth quarter; Non-GAAP diluted EPS of 

      $10.45 for the fourth quarter 

 

   -- First quarter revenue guidance of approximately $8.9 billion, an increase 

      of 16 percent from the prior year period 

 

   -- First quarter Adjusted EBITDA guidance of approximately 63 percent of 

      projected revenue (1)

 "Broadcom's fiscal year 2022 revenue grew 21% year-over-year to a record $33.2 billion, as a result of strong demand from hyperscale, service providers, and enterprise," said Hock Tan, President and CEO of Broadcom Inc. "This growth was driven by our strong partnerships with customers and accelerated adoption of our next generation technologies. As we look into fiscal 2023, our increased R&D investments during the preceding years position us to extend our leadership in next generation products within the end markets we address."

"In fiscal 2022 we achieved record adjusted EBITDA margin of 63%, generating $16.3 billion in free cash flow or 49% of revenue, demonstrating our stable and focused business model," said Kirsten Spears, CFO of Broadcom Inc. "Consistent with our commitment to return cash to shareholders, we will resume our authorized share repurchase programs for the remaining $13 billion, and we are increasing our quarterly common stock dividend by 12 percent to $4.60 per share for fiscal year 2023. The target fiscal 2023 annual common stock dividend of $18.40 per share is a record, and the twelfth consecutive increase in annual dividends since we initiated dividends in fiscal 2011."
 

NVDA Company Overview  

Nvidia  Corporation focuses on personal computer (PC) graphics, graphics  processing unit (GPU) and also on artificial intelligence (AI). It  operates through two segments: GPU and Tegra Processor. Its GPU product  brands are aimed at specialized markets, including GeForce for gamers;  Quadro for designers; Tesla and DGX for AI data scientists and big data  researchers; and GRID for cloud-based visual computing users. Its Tegra  brand integrates an entire computer onto a single chip, and incorporates  GPUs and multi-core central processing units (CPUs) to drive  supercomputing for mobile gaming and entertainment devices, as well as  autonomous robots, drones and cars. The Company's processor has created  platforms that address four markets: Gaming, Professional Visualization,  Datacenter, and Automotive. Its offerings include NVIDIA DGX AI  supercomputer, the NVIDIA DRIVE AI car computing platform and the  GeForce NOW cloud gaming service.  .

Company Contact

Headquarters

2788 San Tomas Expressway
Santa Clara, CA 95051-0952.

*1/22/1999 I.P.O. price was  $12.00

per share. The stock has split 4 times over the years:

Three splits were 2-for1, while the other was 3-for-2.  

**This stock IS A.I. hardware perfected. 

Invested  6/09/2017

@ 167.5684

*After split 7/20/2021

@ 42.089 (*Re-adjusted purchase price)

**As of 6/09/2024  split 10-1

@ $4.20 per share. (*Re-adjusted purchase price) #2.

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*************************#1 Highest percent gain across ALL portfolios

UP +2,933.64%^

Q.D.M / YIELD

$0.01 / .00%

Ex-Dividend Date

12/05/2024

Dividend Payable Date

12/27/2024

*Dividend paid 9/18/2017

*Dividend paid 12/15/2017

*Dividend paid 3/16/2018

*Dividend paid 6/15/2018

*Dividend paid 9/21/2018

*Dividend paid 12/21/2018

*Dividend paid 3/22/2019

*Dividend paid 6/21/2019

*Dividend paid 9/20/2019

*Dividend paid 12/20/2019

*Dividend paid 3/20/2020

*Dividend paid 6/26/2020

*Dividend paid 9/24/2020

*Dividend paid 12/29/2020

*Dividend paid 3/31/2021

*Dividend paid 7/01/2021

*Dividend paid 9/23/2021

*Dividend paid 12/23/2021

*Dividend paid 3/24/2022

*Dividend paid 7/01/2022

*Dividend paid 9/29/2022

*Dividend paid 12/22/2022

*Dividend paid 3/29/2023

*Dividend paid 6/30/2023

*Dividend paid 9/28/2023

*Dividend paid 12/28/2023

*Dividend paid 3/27/2024

*Dividend paid 6/28/2024

*Dividend paid 10/03/2024

*All dividends are re-invested.

****DJ Nvidia Earnings Were a Blowout. Just Ignore the Stock Move For Now. -- Barrons.com

3:35 PM ET 11/21/24 | Dow Jones

By Tae Kim

This week's earnings offered more evidence: Nvidia's AI growth story is far from over. The company's new Blackwell graphics processing unit seems to have limitless demand, which bodes well for the company's stock price.

On Wednesday, Nvidia reported another quarter of stunning revenue. Sales came to $35 billion for the three months ending in October, for year-over-year growth of 94%. The company's data-center business, driven by AI demand, grew even faster at 112%. Net profit doubled to $20 billion over the prior year. The company also provided a robust outlook for the current quarter, slightly exceeding Wall Street expectations.

Nvidia shares fell in after-hours trading following the report and wavered between positive and negative territory on Thursday. I wouldn't read too much into the initial reaction, which could easily be some profit-taking given that the stock has roughly tripled this year.

Instead, investors should ignore near-term noise, remain focused on the big picture, and not overlook the unprecedented magnitude of Nvidia's performance. Triple-digit growth rates while making tens of billions of dollars isn't normal. Microsoft in its latest quarter grew sales and net profit by 16% and 11%, respectively.

The main question from here is whether Nvidia can produce another big growth year in 2025, satisfying Wall Street's forecast for 54% revenue growth.

The latest commentary from Nvidia's executives suggests the answer is yes. "Blackwell demand is staggering, and we are racing to scale supply to meet the incredible demand," Chief Financial Officer Colette Kress told investors on the company's conference call Wednesday night.

CEO Jensen Huang says that Blackwell revenue for the current quarter would exceed the company's prior guidance of "several billion dollars." He said Blackwell is in full production and has been shipped to all of Nvidia's major partners.

Customers are eager to purchase the next-generation Blackwell GPU because it's far more powerful than prior models. Nvidia management said it wouldn't be able to meet all of the demand for Blackwell from its customers for the next several quarters.

Huang was asked by an analyst if he expects a pause in AI system demand at some point as large technology companies digest their prior purchases -- that's been the case in prior hardware cycles. But this time will be different, according to Huang. He said there would be "no digestion" until the industry completely replaces the $1 trillion worth of old data center infrastructure that isn't optimized for AI. Huang recently said that companies were about $150 billion into the $1 trillion transformation process.

Investors came into Nvidia's report with a broader worry about the pace of AI model improvements. But Huang isn't concerned. "Pre-training scaling is intact," he said on Wednesday's earnings call. AI model makers continue to see the benefits of scaling, he said, meaning the capabilities of models continue to improve as companies add more computing power and data to their AI model training.

Meanwhile, other AI innovations have the potential to drive the next wave of growth, increasing the need for GPU capacity.

AI agents, programs that have the ability to take simple directions and complete multistep computer actions to automate tedious business and personal tasks, is rapidly improving. "Within the next two years, you're going to see a massive proliferation of agents," Dell executive Arthur Lewis told me recently, as companies use AI to free up employee time to focus on higher level tasks.

Then there is the emergence of a new scaling law called "test-time compute," which Microsoft CEO Satya Nadella spoke about optimistically this week. It's the ability of new AI models to think about queries for longer time periods to come up with better answers.

As for answering what happens to Nvidia, AI is becoming more capable. And that means 2025 should be another good year for the stock.

Write to Tae Kim at tae.kim@barrons.com
 

***NVIDIA breaches $1,000 a share after crushing Q1 expectations on unwavering demand for AI

9:58 AM ET 5/23/24 | Briefing.com

In what has become a common occurrence over the past year, AI powerhouse NVIDIA NVDA +8%) cleared analysts' Q1 (Apr) earnings and sales estimates and projected Q2 (Jul) revs well ahead of consensus. NVDA's performance continues to speak volumes to the health of the AI demand landscape. Prominent tech firms, from Meta Platforms (META) and Microsoft (MSFT) to Google (GOOG) and Tesla (TSLA), are pouring billions into AI. With NVDA leading the AI race, boasting more powerful and efficient chips than its closest rival, Advanced Micro (AMD), its quarterly results continue to benefit enormously.

However, few signs pointed to abrupt pullbacks in AI spending, and shares of NVDA were already near all-time highs leading into its Q1 report after doubling YTD, driving lofty investor expectations. Meanwhile, concerns were cropping up regarding the possibility customers reigned in their orders for NVDA's current flagship AI platform, Hopper (H100 and its successor H200), after the company announced its upcoming Blackwell platform touting magnitudes more power and efficiency.

Remaining a force to be reckoned with, NVDA not only crushed elevated expectations but also alleviated fears of order delays connected to Blackwell, commenting that everybody remains anxious to get their AI infrastructure online as soon as possible. Further good news came from Mr. Huang's remarks that NVDA should see plenty of Blackwell-related revs this year, an earlier timeline than the market may have expected, as the company previously projected shipping Blackwell around early 2025.

Unwavering demand for AI was reflected in another quarter of exceptional headline numbers. 

NVDA delivered adjusted EPS of $6.12, an over 400% improvement yr/yr, on top-line growth of 262% to $26.04 bln, well ahead of NVDA's $23.52-24.48 bln forecast.

 Data Center revenue growth of 427% yr/yr led the charge in Q1, reflecting customer's hunger for Hopper GPUs even as Blackwell sits on the horizon.

 NVDA's other segments, including Gaming, Professional Visualization, and Automotive, each enjoyed double-digit yr/yr revenue growth. NVDA also announced a ten-for-one stock split, effective June 7 and a $0.01 per share quarterly dividend following the split. Even though a stock split merely makes shares appear less expensive, it can often generate investor enthusiasm; a lower price per share has a psychological effect and a real benefit for options traders. Looking ahead,

 NVDA anticipates another phenomenal quarter, projecting Q2 revenue of $27.44-28.56 bln or roughly 107% yr/yr growth. Non-GAAP gross margins are expected to cool off compared to Q1, landing around 75.5% compared to 78.9% this quarter. However, this is consistent with management's previous comments that favorable component costs would die down.

While nothing seems to be able to slow NVDA down, risks are still present. Tech firms are allocating massive sums toward AI in anticipation of private companies and governments signing on to extract massive productivity enhancements. Jumps in productivity could materialize as expected, but the timeline behind it is unclear, potentially leading to excess supply and orders drying up. Nevertheless, without any slowdown in capital spending on AI, NVDA will likely continue to deliver excellent quarterly performance.

INTC Company Overview   

Intel  Corporation is engaged in designing and manufacturing products and  technologies, such as the cloud. The Company's segments are Client  Computing Group (CCG), Data Center Group (DCG), Internet of Things Group  (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group  (ISecG), Programmable Solutions Group (PSG), All Other and New  Technology Group (NTG). It delivers computer, networking and  communications platforms to a set of customers, including original  equipment manufacturers (OEMs), original design manufacturers (ODMs),  cloud and communications service providers, as well as industrial,  communications and automotive equipment manufacturers. It offers  platforms to integrate various components and technologies, including a  microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a  multichip package. The CCG operating segment includes platforms that  integrates in notebook, two in one systems, desktop computers for  consumers and businesses, tablets, and phones.  

Company Contact

Headquarters

2200 Mission College Blvd
Santa Clara, CA 95054-1537

Q.D.M. / Yield

$0.125 / 2.05%

Ex-dividend date:

8/07/2024

Dividend payable date:

9/01/2024

Invested 12/02/2013

@ 33.6634 

Transferred from personal account on 5/30/2019

*All dividends re-invested.

*Dividend paid 6/03/2019 

*Dividend paid 9/03/2019 

*Dividend paid 12/02/2019 

*Dividend paid 3/02/2020 

*Dividend paid 6/01/2020 

*Dividend paid 9/01/2020 

*Dividend paid 12/01/2020 

*Dividend paid 3/01/2021 

*Dividend paid 6/01/2021

*Dividend paid 9/01/2021

*Dividend paid 12/01/2021

*Dividend paid 3/01/2022

*Dividend paid 6/01/2022

*Dividend paid 9/01/2022

*Dividend paid 12/01/2022

*Dividend paid 3/01/2023

*Dividend paid 6/01/2023

*Dividend paid 12/01/2023

*Dividend paid 3/01/2024

*Dividend paid 6/01/2024

*Dividend paid 9/03/2024

MU Company Overview  

Micron  Technology, Inc. is engaged in semiconductor systems. The Company's  portfolio of memory technologies, including dynamic random-access memory  (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for  solid-state drives, modules, multi-chip packages and other system  solutions. Its business segments include Compute and Networking Business  Unit (CNBU), which includes memory products sold into compute,  networking, graphics and cloud server markets; Mobile Business Unit  (MBU), which includes memory products sold into smartphone, tablet and  other mobile-device markets; Storage Business Unit (SBU), which includes  memory products sold into enterprise, client, cloud and removable  storage markets, and SBU also includes products sold to Intel through  its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded  Business Unit (EBU), which includes memory products sold into  automotive, industrial, connected home and consumer electronics markets. 

Company Contact

Headquarters

8000 S Federal Way,
PO Box 6
Boise, ID 83716-9632.

Invested 3/22/2018

@ 55.3674

Q.D.M. / YIELD

$0.115 / .45%

Ex-Dividend Date:

10/07/2024

Dividend payable Date:

10/23/2024

*New dividend paid & re-invested.

10/18/2021

*Dividend paid 1/18/2022

*Dividend paid 4/26/2022

*Dividend paid 7/26/2022

*Dividend paid 10/26/2022

*Dividend paid 1/19/2023

*Dividend paid 4/25/2023

*Dividend paid 7/25/2023

*Dividend paid 10/25/2023

*Dividend paid 1/18/2024

*Dividend paid 4/16/2024

*Dividend paid 7/23/2024

*Dividend paid 10/23/2024

^^^^^^*******17th highest percent gainer in main portfolio

up +109.81%.

* Micron Technologys Positive Outlook Was Bigger Surprise, Morgan Stanley Says

1:35 PM ET 3/21/24 | MT Newswires

-- Micron Technology (MU) crushed forecasts with its fiscal Q2 results, posting an unexpected profit and above-consensus revenue, but Morgan Stanley said in a note the real surprise was the chipmaker's upbeat outlook for the ongoing quarter.

Morgan Stanley analysts said Thursday that while they believe Micron's financial performance may weaken during H2, the company's share price will likely continue to strengthen, especially over the near term.

Micron Technology benefitted from its pricing for memory and storage products in the most recent quarter, Morgan Stanley said, noting that strength was a big factor in its Q2 earnings.

The analysts also acknowledged being wrong on the stock price. "We recognize that we have been (very) wrong on the stock," they wrote, but also added a caveat they "see better value elsewhere" among chipmakers in the memory sector.

Morgan Stanley increased its price target for Micron to $98 from $78 with an underweight rating.

Micron shares were more than 16% higher in recent trading.

Price: 111.92, Change: +15.67, Percent Change: +16.28