Reported 22 days ago
Broadcom has seen significant growth over the past year, fueled by AI advancements and a major acquisition of VMware, which has transformed its revenue model. While current predictions indicate continued growth and a favorable consensus from analysts, the stock's high price-to-earnings ratio suggests it may be wise for investors to wait for a price correction before buying. Overall, Broadcom remains an attractive long-term investment opportunity.
Source: YAHOO