Better AI Stock: Lumen Technologies vs. Broadcom
Lumen Technologies (NYSE: LUMN) and (NASDAQ: AVGO) were both driven higher by the buying frenzy in artificial intelligence (AI) stocks. Over the past 12 months, Lumen's stock surged more than 70% as Broadcom's stock rallied over 60%.
Lumen, the telecom company formerly known as CenturyLink, impressed the bulls by signing a new AI infrastructure deal with Microsoft and a fiber supply deal with Corning. Broadcom dazzled the market with its soaring sales of its AI-oriented networking chips. So which of these high-flying AI stocks is a better buy right now?
Image source: Getty Images.
Source Fool.com
Broadcom Ltd. Stock
€149.36
-0.640%
With 69 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1382 € there is potential for a 825.28% increase which would mean more than doubling the current price of 149.36 € for Broadcom Ltd..
