Prediction: This Artificial Intelligence (AI) Stock Will Be Worth $2 Trillion in 3 Years
Broadcom (NASDAQ: AVGO) isn't the first company that comes to investors' minds when discussing mission-critical suppliers to the AI arms race. Companies like Nvidia and Taiwan Semiconductor Manufacturing are often mentioned, but Broadcom hovers in the background. However, Broadcom is a formidable company primed to benefit from a massive boom from two of its AI products.Although Broadcom is a $1.2 trillion company right now, I could easily see it rising to a $2 trillion company within three years. That would easily allow it to outperform the market, which makes it a fantastic option to consider now.Image source: Getty Images.Continue reading
Broadcom (NASDAQ: AVGO) isn't the first company that comes to investors' minds when discussing mission-critical suppliers to the AI arms race. Companies like Nvidia and Taiwan Semiconductor Manufacturing are often mentioned, but Broadcom hovers in the background. However, Broadcom is a formidable company primed to benefit from a massive boom from two of its AI products.
Although Broadcom is a $1.2 trillion company right now, I could easily see it rising to a $2 trillion company within three years. That would easily allow it to outperform the market, which makes it a fantastic option to consider now.
Image source: Getty Images.
