Reported 8 months ago
Broadcom is benefiting from the AI boom, with its stock price increasing over 60% this year. The company is planning a 10-for-1 stock split next month that will lower its stock price from over $1,800 to about $180. Despite the stock split, analysts view Broadcom as a good buy due to its strong revenue growth, recent acquisitions like VMware, and increasing demand for AI products. While the stock may appear expensive now, its growth potential in the AI sector and long-term outlook make it an attractive investment option.
Source: YAHOO