Broadcom (NASDAQ:AVGO) checks many of the boxes you would want to see in a long-term growth stock. The company has outperformed the market with a 411% gain over the past five years while maintaining a 1.6% dividend yield. Broadcom regularly grows its dividend by at least 10% each year, makes strategic acquisitions, and is capitalizing on the artificial intelligence boom. I am bullish on the stock due to those factors.
The Next Trillion Dollar Company?
Broadcom currently trades at a $611 billion market cap and looks more deserving of the Magnificent Seven designation than Tesla (NASDAQ:TSLA). Broadcom is currently the eighth-largest corporation in the S&P 500 (SPX) since Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has Class A and Class C shares (or else it would be the eighth-largest).
The semiconductor giant’s pursuit of the $1 trillion milestone can attract more investors for gains and the chance to own the stock before…
