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Nasdaq CompositeThe Motley Fool
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84% Informative
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been on a roll for more than two years now.
After rising 43% in 2023 , the tech-focused index has gained roughly 31% in 2024 .
One long-term winner investors should consider is Palo Alto Networks .
Broadcom is up 54% year to date in 2024 and up 1,580% over the past 10 years .
Management expects the current trend to continue, increasing its full-year revenue forecast to $51.5 billion , or growth of roughly 44% .
Broadcom 's extensive reach in underpinning the internet, the accelerating adoption of AI , and the upselling potential of VMware shows the future is bright.
Yet despite the vast opportunity, the stock is attractively priced at just 28 times forward earnings.
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