Will Broadcom Be a Trillion-Dollar Stock by 2030?
Many investors might think of (NASDAQ: AVGO) as a dusty slow-growth chipmaker like Texas Instruments. However, Broadcom has gone through several major transformations since its founding in 1991, and it has outperformed a lot of other tech stocks over the past eight years.
On Feb. 1, 2016, Singapore's Avago Technologies closed its acquisition of the original Broadcom and adopted the American chipmaker's name. Two years later, the "new" Broadcom moved its headquarters from Singapore back to America. Its stock has rallied more than 700% since that takeover as the S 500 has risen about 150%.
Broadcom is now worth $519 billion, but could it double its market cap by 2030 to become another trillion-dollar chipmaker like Nvidia?
Source Fool.com
Broadcom Ltd. Stock
€140.98
0.960%
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 881.7% increase which would mean more than doubling the current price of 140.98 € for Broadcom Ltd..
