1 Stock (Not Nvidia) Could Be a Massive Winner From Data Center AI
As the artificial intelligence (AI) and accelerated computing data center bull market has heated up, realization settled in that this is more than hype. Nvidia (NASDAQ: NVDA) has been the standout winner so far: Shares are up an incredible 1,850% in the last trailing five-year stretch alone, clobbering average market returns.
But Nvidia isn't the only market-beating semiconductor stock. Broadcom (NASDAQ: AVGO) is also doing more than just fine with a 390% return in just five years. As data center infrastructure upgrades rise, favoring more AI and accelerated computing, Broadcom stands to gain quite a lot. Here's why.
Just a couple of months ago, Broadcom reported soaring growth for its Networking semiconductor business unit. Broadcom reported 46% year-over-year growth for this segment and expects 35% full-year growth in Networking because its big data center customers (like Alphabet) rely more heavily on Broadcom for custom silicon AI services.
Source Fool.com
Broadcom Ltd. Stock
With 42 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1380 € there is a slightly positive potential of 5.02% for Broadcom Ltd. compared to the current price of 1314.0 €.
