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largest companyThe Motley Fool
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85% Informative
Broadcom (NASDAQ: AVGO ) might be set to join the $1 trillion club.
It's currently valued at $761 billion , so its stock only needs to gain 31.4% from here to earn its membership.
Since merging with Avago Technologies in 2016 , Broadcom has been on an acquisition spree.
The company's growing presence in artificial intelligence ( AI ) could drive further upside from here.
Broadcom's P/S ratio is down from its peak of around 19 but it's still very expensive compared to its average of 8.7 over the last five years .
While Broadcom will be a spectacular stock to own during the AI revolution , investors should maintain a very long-term outlook.
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