Broadcom: stock growth and strong AI market position
- Stock Growth:$AVGO+2.2% shares are up+2.2%nearly 50%, driven by increased demand for artificial intelligence (AI) chips and collaborations with leading technology companies.
- AI revenue: $AVGO+2.2% plans to reach $12 billion in AI revenue by 2024, significantly strengthening its position in the AI technology market.
- Expert...
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Broadcom is great. It's hard to make a mistake there. Sure, a lower price would probably please anyone looking to buy, but I wouldn't count on big drops.