A Tale of 2 AI Stocks: Why Broadcom Soared Even as "Baby Broadcom" Plunged Last Week
Artificial intelligence stocks have taken a beating over the past month. While AI-fueled enthusiasm caused several stocks to boom in 2024, investors now appear to be experiencing angst over valuations in the face of potential tariffs, trade restrictions to China, or a digestion period in AI spend.
Two 2024 winners were (NASDAQ: AVGO) and Marvell (NASDAQ: MRVL). Their portfolios are somewhat similar, so much so that Marvell is sometimes called "baby Broadcom."
However, when each stock reported last week, Marvell plunged, while Broadcom soared. It was an interesting dichotomy and may have reflected a few changing dynamics in the AI races.
Source Fool.com
Broadcom Ltd. Stock
€215.65
-1.550%
With 77 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 242 € there is a slightly positive potential of 12.22% for Broadcom Ltd. compared to the current price of 215.65 €.
