Nvidia and Broadcom Completed 10-for-1 Stock Splits. History Says the Artificial Intelligence (AI) Stocks Will Do This Next
UBS analysts estimate that artificial intelligence (AI) spending will approach $1.2 trillion annually by 2027. Semiconductor companies Nvidia (NASDAQ: NVDA) and (NASDAQ: AVGO) have already benefited from that opportunity, and enthusiasm about their ability to monetize AI has driven both stocks higher.
Since November 2022, shares of Nvidia and Broadcom have advanced 765% and 300%, respectively. That period coincides with the existence of ChatGPT, the generative AI application that sparked the spending boom forecasted by UBS.
Both semiconductor companies recently completed a 10-for-1 stock split, the purpose of which was to make shares more affordable. Historically speaking, stock splits have been good news for shareholders. Here's why.
Source Fool.com
Broadcom Ltd. Stock
The stock is an absolute favorite of our community with 67 Buy predictions and no Sell predictions.
Based on the current price of 146.08 € the target price of 1384 € shows a potential of 847.43% for Broadcom Ltd. which would more than double the current price.
