Could Broadcom Become the Next Nvidia?
Nvidia (NASDAQ: NVDA) became the world's first trillion-dollar chipmaker in 2023, and it's now worth $1.8 trillion. That marks a whopping gain of 1,810% in just five years. Nvidia's historic run was fueled by the rapid growth of the artificial intelligence (AI) market, which sparked brisk sales of its high-end data center GPUs for processing AI tasks.
Nvidia's multibagger gains are impressive, but could (NASDAQ: AVGO) -- which rallied nearly 350% over the past five years and is worth about $590 billion -- follow its lead and become the next hot chipmaker by the end of the decade?
Image source: Getty Images.
Source Fool.com
Broadcom Ltd. Stock
€1,622.0
-0.070%
With 83 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1752 € there is a slightly positive potential of 8.01% for Broadcom Ltd. compared to the current price of 1622.0 €.
