Tech giant (NASDAQ: AVGO) has grown into one of the world's largest companies, expanding beyond semiconductors to enterprise software solutions, punctuated by its recent $61 billion acquisition of VMware. Today, the stock's valuation approaches $600 billion.
The company's chips are essential in several end markets, and the business is recognizing a boost from artificial intelligence (AI) spending. Investors looking for a growing blue-chip stock with long-term total return potential should strongly consider the stock.
But with shares at all-time highs, buying today comes down to whether the valuation still makes sense.
Source Fool.com