Broadcom Inc. (AVGO) is ranked as one of the best tech stocks due to AI growth

From Yahoo Finance: 2025-04-11 17:30:00

Broadcom Inc. (NASDAQ: AVGO) is ranked 10th on the list of best tech stocks for long-term investment. The company is experiencing growth in its Semiconductor Solutions segment, particularly in AI revenue, which surged by 77% to $4.1 billion. Broadcom is working on developing cutting-edge technologies like two-nanometer AI XPUs and the next-generation 100 terabit Tomahawk 6 switch. Piper Sandler reiterated an Overweight rating on the company with a $250 price target. Renaissance Large Cap Growth Strategy highlighted Broadcom’s solid performance driven by AI growth in its Q4 2024 investor letter. AVGO continues to show promise in the tech sector.



Read more at Yahoo Finance: Is Broadcom Inc. (NASDAQ:AVGO) the Best Tech Stock to Buy For Long-Term Investment?