Broadcom Is Back in the $1 Trillion Club. But the Party Has Just Begun and the Stock Can Hit a New All-Time High, According to 1 Wall Street Analyst.
There are only about a handful of stocks that have a $1 trillion market value. The members include some of the most popular in the market -- Nvidia, Tesla, Apple, and Berkshire Hathaway, just to name a few. Toward the end of the last year, the custom chipmaker Broadcom (NASDAQ: AVGO) went on a massive run and joined the exclusive club.However, after the intense sell-off in April due to tariffs and the global trade war, Broadcom fell all the way below a $700 billion market capitalization. After the recent rally that has ensued since mid-April, Broadcom has now rejoined the $1 trillion club (as of May 28).But one Wall Street analyst thinks the party has only just begun and that shares will soon hit a new all-time high.Continue reading
There are only about a handful of stocks that have a $1 trillion market value. The members include some of the most popular in the market -- Nvidia, Tesla, Apple, and Berkshire Hathaway, just to name a few. Toward the end of the last year, the custom chipmaker Broadcom (NASDAQ: AVGO) went on a massive run and joined the exclusive club.
However, after the intense sell-off in April due to tariffs and the global trade war, Broadcom fell all the way below a $700 billion market capitalization. After the recent rally that has ensued since mid-April, Broadcom has now rejoined the $1 trillion club (as of May 28).
But one Wall Street analyst thinks the party has only just begun and that shares will soon hit a new all-time high.
