Reported 11 months ago
The AI wave stirred up by NVIDIA not only affected the US stock market but also boosted related robot stocks in the Taiwan stock market; now with NVIDIA's stock price surpassing $1200, the market value has reached $3 trillion. Financial experts suggest investing in the semiconductor runner-up Broadcom in addition to NVIDIA. The British asset management company Liontrust Asset Management's portfolio manager Clare Pleydell-Bouverie highlights Broadcom as often overlooked in the sector under NVIDIA's AI chip dominance. With Broadcom's strong revenue performance and optimistic future outlook, Bernstein analysts predict continued stock value growth, rating Broadcom as a top stock with a target price of $1600.
Source: YAHOO