Broadcom Stock Eyed as Next Potential $1 Trillion AI Company on VMware Growth, Despite Valuation Concerns
• Broadcom (AVGO) predicted to be the next AI stock to join the $1 trillion club after Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta • Broadcom needs a 64% share price jump to hit $1 trillion, but its stock has more than doubled in the last year, so it seems feasible • Broadcom could beat Tesla and Taiwan Semi to $1 trillion due to increased competition and risks those companies face • Acquisition of VMware expected to fuel Broadcom's growth, while main risk is declining broadband sales • Broadcom stock not currently a buy due to high valuation of 29x forward earnings