Could Broadcom Become the Next Nvidia?
Nvidia (NASDAQ: NVDA) became the world's first trillion-dollar chipmaker in 2023, and it's now worth $1.8 trillion. That marks a whopping gain of 1,810% in just five years. Nvidia's historic run was fueled by the rapid growth of the artificial intelligence (AI) market, which sparked brisk sales of its high-end data center GPUs for processing AI tasks.
Nvidia's multibagger gains are impressive, but could (NASDAQ: AVGO) -- which rallied nearly 350% over the past five years and is worth about $590 billion -- follow its lead and become the next hot chipmaker by the end of the decade?
Source Fool.com
Broadcom Ltd. Stock
The stock is an absolute favorite of our community with 42 Buy predictions and no Sell predictions.
As a result the target price of 1380 € shows a slightly positive potential of 6.07% compared to the current price of 1301.0 € for Broadcom Ltd..