Key Points
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Broadcom is a rising force in the data center chip market.
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Data center spending is expected to surge to between $3 trillion and $4 trillion or more by the end of the decade.
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Broadcom stock is still attractively priced.
- 10 stocks we like better than Broadcom ›
The advent of artificial intelligence (AI) roughly three years ago has almost single-handedly transformed the technology landscape. Most market watchers credit these innovations with fueling the current bull market and driving many semiconductor and AI-adjacent stocks to new heights. One such company is Broadcom (NASDAQ: AVGO).
Since early 2023, the chipmaker and infrastructure specialist has soared 530% (as of this writing), sending some skittish shareholders running for cover. Yet many experts believe the AI boom has just begun, and the runway ahead is long. This leaves many would-be investors with a conundrum: Is Broadcom…
