Could This AI Pick Surge 700% in 3 Years?

Broadcom's (NASDAQ: AVGO) stock has surged more than 700% over the past three years. Most of that growth was fueled by its brisk sales of artificial intelligence (AI) chips.Unlike Nvidia, which produces the powerful data center GPUs used to process AI tasks, Broadcom sells a broader range of networking, optical, and custom accelerator chips to support those AI applications. As those chips accounted for a growing percentage of its top line, its growth accelerated and its stock skyrocketed.But could Broadcom's stock soar another 700% over the next three years? Let's review its current growth trajectory, its upcoming catalysts, and its valuations to decide.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool