Missed Out on Broadcom? Buy This Artificial Intelligence (AI) Semiconductor Stock Before It Skyrockets
Broadcom(AVGO) The Motley Fool·2024-09-05 16:23
This company reported a massive jump in its data center revenue last quarter thanks to its growing traction in the AI chip market.Shares of Broadcom (AVGO 0.87%) delivered impressive gains of 82% in the past year thanks to the company's solid position in the market for custom artificial intelligence (AI) chips, which led to robust growth in the company's semiconductor business. It also helped that Broadcom was named the second-most important AI chip company after Nvidia by JPMorgan analyst Harlan Sur.That d ...