Is This Dominant $1 Trillion AI Company Primed to Skyrocket After March 6?
Broadcom (NASDAQ: AVGO) has been on a monster run over the past year, rising more than 100% since the start of 2024. This rise has propelled it into an exclusive club: the $1 trillion club. While this group is starting to grow, there are still only 11 companies worldwide that exceed the $1 trillion threshold. Many of these companies are heavily involved in the artificial intelligence (AI) arms race, and Broadcom is no exception. With massive AI spending planned by many tech giants, Broadcom looks primed to benefit. But is that enough to send its stock soaring after March 6?Summarizing what Broadcom does is incredibly difficult. It has a vast product lineup, ranging from enterprise software to cybersecurity to data center connectivity solutions. However, a few business segments steer the stock, and their continued success is key to Broadcom's current stock price.Continue reading
Broadcom (NASDAQ: AVGO) has been on a monster run over the past year, rising more than 100% since the start of 2024. This rise has propelled it into an exclusive club: the $1 trillion club. While this group is starting to grow, there are still only 11 companies worldwide that exceed the $1 trillion threshold.
Many of these companies are heavily involved in the artificial intelligence (AI) arms race, and Broadcom is no exception. With massive AI spending planned by many tech giants, Broadcom looks primed to benefit. But is that enough to send its stock soaring after March 6?
Summarizing what Broadcom does is incredibly difficult. It has a vast product lineup, ranging from enterprise software to cybersecurity to data center connectivity solutions. However, a few business segments steer the stock, and their continued success is key to Broadcom's current stock price.
