Prediction: 1 Top Artificial Intelligence (AI) Semiconductor Stock That Could Be Worth $1 Trillion
Artificial intelligence (AI) has turned out to be a solid growth driver for many semiconductor companies, and (NASDAQ: AVGO) is one of them, as the chipmaker is gaining from the growing adoption of this technology across multiple applications ranging from data centers to enterprise networking to smartphones.
Though Broadcom stock has been in pullback mode of late, dropping 22% from the 52-week high it hit on June 18, a closer look at the company's prospects and its growth potential suggests that the downturn could be temporary. The chip giant currently has a market cap of $661 billion, and there is a good chance that it could join the $1 trillion market cap club in the future.
In this article, we will take a closer look at the reasons why Broadcom seems to be on its way to achieving that milestone.
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 12.01% for Broadcom Ltd. compared to the current price of 216.05 €.
