Reported 2 days ago
Broadcom Inc. (NASDAQ:AVGO) has emerged as a top tech stock, enjoying nearly 35% growth this year and joining the trillion-dollar market cap club. Analysts predict over 20% sales growth in 2025 and 2026, bolstered by strong demand for AI and innovative chip designs like the Jericho4, which enhances data capacity and performance. With positive analyst sentiment, including a price target increase from Morgan Stanley, Broadcom's position in the semiconductor market looks promising, although some analysts suggest other AI stocks may offer greater upside.
Source: YAHOO