Meet the Stock-Split Stock That Soared 10,610% Over the Past 15 Years. It's Poised to Join Apple, Nvidia, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club by 2025.
Recent advances in the field of artificial intelligence (AI) help illustrate that technology has come to dominate over the past two decades, with tech issues leading the list of the world's most valuable companies. That wasn't always the case. Just 20 years ago, General Electric and ExxonMobile were the leaders in terms of market cap, valued at $319 billion and $283 billion, respectively.
These days, technology rules the roost. Apple, Nvidia, and Microsoft are each worth more than $3 trillion and led the leaderboard at some point in 2024. Other big tech members of the $1 trillion club are also household names, including Amazon, Alphabet, and Meta Platforms, with valuations of between $1.5 trillion and $2.3 trillion.
With a market cap of roughly $797 billion (as of this writing), (NASDAQ: AVGO) seems a shoo-in for membership in this exclusive fraternity. The company supplies a broad cross-section of products that are critical components in data center infrastructure, where most AI processing takes place, and its indispensable technology could be the fuel that drives Broadcom's successful quest for membership.
Source Fool.com
Broadcom Ltd. Stock
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 11.47% for Broadcom Ltd. compared to the current price of 217.1 €.
