Broadcom stock has surged 10,720% since 2009, positioned to join $1 trillion club with Apple, Amazon

From Nasdaq: 2024-10-13 05:01:00

Over the past 20 years, tech giants have overtaken industrial and oil companies in market cap. Apple, Nvidia, and Microsoft are valued at over $3 trillion each, with Alphabet, Amazon, and Meta Platforms joining the $1 trillion club. Broadcom, with a market cap of $818 billion, stands to join the exclusive club with its role in AI infrastructure. Broadcom’s semiconductor, software, and security solutions facilitate AI adoption, with its recent acquisition of VMWare set to boost recurring revenue. In Q3, revenue jumped 47% to $13.1 billion, with a 44% full-year growth forecast. Analysts predict Broadcom could reach a $1 trillion market cap as early as 2026, driven by accelerated AI adoption and strong infrastructure sales. The stock, selling at 36 times forward earnings, has gained 10,720% since 2009, reflecting justified premium valuation. The Motley Fool’s experts have identified potential “Double Down” stock recommendations, which have historically yielded significant returns for companies like Amazon, Apple, and Netflix.



Read more at Nasdaq: Meet the Stock-Split Stock That Soared 10,720% Over the Past 15 Years. Now, It’s Poised to Join Apple, Nvidia, Microsoft, Alphabet, Amazon, and Meta in the $1 Trillion Club