Reported 1 day ago
Broadcom has swiftly ascended to the trillion-dollar club and currently boasts a market cap of $1.2 trillion, positioning it as the seventh-most-valuable company in the S&P 500. With a remarkable growth rate fueled by demand for its custom AI chips, some analysts question whether Broadcom should replace Tesla in the Magnificent Seven, a group of highly influential tech companies. As Broadcom's revenue from AI continues to surge, discussions arise about possibly expanding the group to include an eighth member to reflect current tech trends.
Source: YAHOO