From Yahoo Finance: 2025-05-28 10:26:00

Broadcom Inc. (NASDAQ:AVGO) is gaining market share in the AI-chip space, helping companies like Amazon.com (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) to produce their own AI chips. Other tech giants like Tesla, Inc. (NASDAQ:TSLA) and Microsoft Corporation (NASDAQ:MSFT) are also developing AI chips. Shares of AVGO have climbed 22% in the last month.

With Broadcom’s assistance, tech giants are looking to reduce reliance on Nvidia Corporation (NASDAQ:NVDA) for AI chips by creating their own semiconductors. Broadcom Inc. (NASDAQ:AVGO) has the potential to further grow its market share by aiding other companies in chip production, according to Gil Luria of DA Davidson.

Broadcom Inc (AVGO) has been identified by Jim Cramer as a strong performer in the stock market, with significant growth potential. Despite its recent success, some investors may be seeking AI stocks with even greater returns and upside potential. Consider exploring other AI stock options for higher potential gains.

In light of AVGO’s recent success, investors may be interested in exploring other AI stocks that offer even higher returns and potential for growth. While AVGO has shown positive performance in the market, there are other options available for those seeking greater upside potential in the AI sector.

Read more: Broadcom (AVGO) Is Gaining Market Share in the AI-Chip Space, Tech Researcher Says