Broadcom is on track to become a trillion-dollar stock with positive growth potential.

From “Yahoo Finance”: 2024-06-13 20:25:33

Chip maker Broadcom is poised to become the next trillion-dollar stock, according to Bank of America. The company’s stock is up after beating earnings estimates, with strong sales and planned stock splits. Bank of America raised its price target for Broadcom to $2,000, citing potential growth in AI chips and networking. The company’s $3.1 billion in sales from AI products during the second quarter also suggest continued growth. Broadcom forecasts $51 billion in sales for the fiscal year, with estimates of $59.9 billion in 2025. If achieved, this could put Broadcom in the trillion-dollar market cap club alongside Nvidia, Microsoft, and Apple.



Read more at “Yahoo Finance”: Broadcom is the next stock that could enter the trillion-dollar club, according to Bank of America