Broadcom's AI chip revenue driving growth, on track to reach $2 trillion valuation by 2028

Broadcom has seen impressive growth, bringing its market cap to $1.3 trillion, with expectations to hit $2 trillion. The company’s AI chip revenue is a key driver, expected to reach $50 billion by 2027, fueling a potential revenue jump to $89 billion. Broadcom’s market share in custom AI processors stands at 70%, with a growing customer base. It is well-positioned for future growth, with analysts predicting a 60% increase in market cap. Despite its premium valuation, Broadcom remains a strong investment option for those looking for AI growth stocks.

Read more at Nasdaq MarketSite: Prediction: This Artificial Intelligence (AI) Stock Could Hit a $2 Trillion Valuation by 2028