Where Will Broadcom Stock Be in 10 Years?
With shares up by over 2,000% over the last 10 years, (NASDAQ: AVGO) demonstrates the power of long-term investing. Over that time frame, the stock has faced several macroeconomic crises -- from the COVID-19 pandemic to the rapid rate hikes of 2022 -- only to emerge even more valuable than before.
Let's discuss what the next decade could have in store for this leading semiconductor conglomerate as it pivots to new opportunities in generative artificial intelligence (AI) hardware.
According to analysts at Bloomberg, generative AI could become a $1.3 trillion market by 2032, growing at a compound annual growth rate (CAGR) of 42% over the next 10 years (from 2022). They expect training and inference hardware to drive near-term growth before the industry shifts to software and consumer-facing use cases like digital ads.
Source Fool.com
Broadcom Ltd. Stock
With 68 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 836.02% increase which would mean more than doubling the current price of 147.86 € for Broadcom Ltd..
