Oracle CEO Safra Catz May Have Sparked a New Growth Wave for Broadcom Stock

Sometimes the best signal to buy stock in a particular company shows up on another company's earnings call. That's what just happened for semiconductor company Broadcom (NASDAQ: AVGO). Unexpectedly, the true growth potential in this computer networking company was revealed in Oracle's (NYSE: ORCL) first-quarter fiscal 2026 earnings call (for the period ending Aug. 31).On the recent earnings call, Oracle management highlighted a rapid acceleration in AI infrastructure spending, and that has big implications for the company's suppliers, including Broadcom. Oracle CEO Safra Catz and chairman Larry Ellison unveiled ambitious plans to build global artificial intelligence (AI) infrastructure, supported by $455 billion in remaining performance obligations (RPO), a measure of the backlog of signed contracts -- an increase of 359% on a year-over-year basis.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool