From Nasdaq MarketSite.: 2025-06-13 17:15:00

Broadcom (NASDAQ: AVGO) has experienced a 41% stock jump, exceeding $1 trillion in market cap, thanks to its AI chip revenue from major cloud service providers. The company reported a 20% revenue increase to $15 billion in Q2, with AI revenue surging 46% to $4.4 billion. CEO Hock Tan expects sustainable growth, projecting $5.1 billion in AI revenue for the current quarter. Broadcom’s AI chip market opportunity is estimated at $60-90 billion by 2027. Trading at 38 times forward earnings, Broadcom is considered a solid growth stock with potential for long-term upside.

Investors can benefit from Broadcom’s growth potential in the AI market, with analysts raising growth expectations for the company. The stock is currently trading at an attractive valuation, with a PEG ratio of just 0.66 based on projected earnings growth. While Broadcom wasn’t on the Motley Fool’s list of 10 best stocks to buy, it remains a promising investment option with the potential to contribute to a million-dollar portfolio.



Read more at Nasdaq MarketSite.: Is Broadcom Stock Your Ticket to Becoming a Millionaire?