If I Could Buy Only 1 Chip Stock Other Than Nvidia in September, This Would Be My Top Choice
Nvidia's volatility continues to have rippling effects throughout the technology sector and the broader market. In August, Nvidia stock was as low as $90.69 a share and as high as $131.26 a share -- representing a sizable range for such a short period of time.
Nvidia reported earnings on Aug. 28, delivering parabolic growth and higher-than-expected guidance. And yet, the stock sold off. Nvidia stands out as a solid buy in the chip space for investors that can endure volatility.
However, another stock worth considering now is infrastructure software and solutions company (NASDAQ: AVGO). Here's why Broadcom is a unique opportunity in the semiconductor industry and could appeal to growth, income, and value investors alike.
Source Fool.com
Broadcom Ltd. Stock
€128.36
0.600%
The stock is one of the favorites of our community with 68 Buy predictions and 1 Sell predictions.
Based on the current price of 128.36 € the target price of 1379 € shows a potential of 974.32% for Broadcom Ltd. which would more than double the current price.
