Broadcom (NASDAQ: AVGO) shares have fallen 20% from December highs, presenting an opportunity for investors. Cathie Wood predicts AI infrastructure spending will reach $1.4 trillion by 2030, with networking components expected to outpace compute growth. Broadcom, a leader in networking and ASIC technology, stands to benefit greatly from this growth.

Broadcom offers a robust portfolio of networking components crucial for managing data flow and distributing AI workloads. The company is at the forefront of creating custom AI chips and is working with leading foundry Taiwan Semiconductor Manufacturing to manufacture these chips at scale.

Broadcom has secured significant orders for its AI chips, including a $21 billion order from Anthropic. Analysts project Broadcom’s AI revenue to increase from $20 billion to $100 billion in the next two years, spelling significant growth for the company.

Despite a recent revenue of $63.9 billion, Broadcom is poised for explosive growth in the coming years. The stock’s recent dip presents a valuable opportunity for investors looking to capitalize on this potential growth.

Citigroup analysts forecast a fivefold increase in Broadcom’s AI revenue, highlighting the company’s position as a key player in the AI infrastructure space. Investors can access the full list of top 10 stocks recommended by the Motley Fool Stock Advisor team to make informed investment decisions.

Read more at Yahoo Finance: Why This AI Stock’s Recent Pullback Could Be a Gift for Long-Term Investors