Will Broadcom Reach a Trillion-Dollar Market Cap by Next Year?
The next $1 trillion company is likely to be one of the artificial intelligence winners, given the outsize growth possibilities of that sector relative to everything else in the economy.
While much of the recent attention has gone to the "Magnificent Seven," semiconductor and software conglomerate (NASDAQ: AVGO) has emerged as a key player in the AI races. With a lethal combination of AI-fueled hypergrowth, diversification, and a growing 1.4% dividend, the immediate future looks bright for Broadcom.
While the stock is already up 40% this year, reaching roughly a $700 billion market cap, there's a case to be made for its valuation increasing another 40% to reach a $1 trillion market cap by next year.
Source Fool.com
Broadcom Ltd. Stock
€150.32
-0.700%
With 69 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1382 € there is potential for a 819.37% increase which would mean more than doubling the current price of 150.32 € for Broadcom Ltd..
