Reported 11 days ago
Broadcom's recent rise to a $1 trillion market cap, spurred by a surge in AI chip demand, has led to comparisons with Nvidia's explosive growth. While Broadcom's AI-related revenue tripled to $12.2 billion in fiscal 2024, and analysts recognize its potential, many remain cautious about its short-term stock performance. With a consensus price target of $238, some believe significant breakthroughs for Broadcom might take longer to materialize compared to Nvidia's projected growth.
Source: YAHOO