Posted 4/6/2024, 9:45:00 AM
Broadcom Poised to Be Next $1 Trillion AI Stock on VMware Deal and Chip Demand
- Broadcom (AVGO) predicted to be the next AI stock to reach $1 trillion market cap after Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta
- Broadcom needs a 64% stock price increase to hit $1 trillion; shares have already doubled in the last 12 months
- Tesla and Taiwan Semi are contenders, but face more risks than Broadcom in author's view
- Broadcom should benefit from VMware acquisition and continued chip demand for AI
- Author doesn't view Broadcom stock as a buy right now due to high valuation