Better AI Stock: Lumen Technologies vs. Broadcom
Lumen Technologies (NYSE: LUMN) and (NASDAQ: AVGO) were both driven higher by the buying frenzy in artificial intelligence (AI) stocks. Over the past 12 months, Lumen's stock surged more than 70% as Broadcom's stock rallied over 60%.
Lumen, the telecom company formerly known as CenturyLink, impressed the bulls by signing a new AI infrastructure deal with Microsoft and a fiber supply deal with Corning. Broadcom dazzled the market with its soaring sales of its AI-oriented networking chips. So which of these high-flying AI stocks is a better buy right now?
Image source: Getty Images.
Source Fool.com
Broadcom Ltd. Stock
€280.20
-0.780%
The stock is one of the favorites of our community with 91 Buy predictions and 1 Sell predictions.
As a result the target price of 306 € shows a slightly positive potential of 9.21% compared to the current price of 280.2 € for Broadcom Ltd..
