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•Broadcom Joins the $1 Trillion Club: Is This Growth Stock a Buy Before the End of the Year?
83% Informative
Broadcom (NASDAQ: AVGO ) surged by 24.4% on Dec. 13 to a new all-time high and a market cap of $1.05 trillion .
The chipmaker embodied the breakneck pace of growth in the artificial intelligence ( AI ) sector.
Nvidia is up just 1% during the past six months , while Broadcom has surged by about 44% .
Broadcom is entering a new territory -- valuation expansion.
Analysts' average expectations are for Broadcom 's earnings to soar in the coming year .
But projections can differ from results, especially in the cyclical semiconductor industry.
Broadcom remains an excellent buy if you believe in management's vision for capturing hyperscaler spending on AI .
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