Could Broadcom Duplicate Nvidia's Performance as a Premiere Artificial Intelligence (AI) Stock?
Nvidia has received considerable attention as the market's premiere artificial intelligence (AI) stock. This is for good reason, as its graphics processing units (GPUs) are in high demand to provide the computing power necessary to train these new generative AI models.
However, this can't be done with just one or two GPUs. Instead, companies often use thousands of these devices connected together to accelerate the training time. This connectivity portion is where (NASDAQ: AVGO) comes in and will also be a huge beneficiary of the AI movement.
So, could Broadcom duplicate Nvidia's massive rise?
Source Fool.com
Broadcom Ltd. Stock
€147.24
3.670%
With 64 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1384 € there is potential for a 839.96% increase which would mean more than doubling the current price of 147.24 € for Broadcom Ltd..
