Reported about 1 year ago
Broadcom's stock has surged over 500% in the past five years amid the AI boom, with its focus on custom chips like ASICs for clients like Google and Meta Platforms. The company's diversified tech presence, recent revenue growth, and upcoming stock split make it an attractive long-term AI industry investment option compared to Nvidia, with a lower P/E ratio. While also flaunting solid financials and acquisitions like VMware boosting its standings, Broadcom seems poised for sustained growth beyond the stock split.
Source: YAHOO