Up 55% So Far This Year, Is It Too Late to Buy Broadcom Stock?

Broadcom and Nvidia have emerged as the two secular growth leaders of the AI industry.It may not quite be Nvidia, but top chip designer and infrastructure software provider Broadcom (AVGO -4.38%) has been on an epic run of its own. Broadcom stock is up just over 60% so far in 2024 -- upstaged just a little by Nvidia's more than 170% increase. What a year when being up "only" 60% doesn't set any best-of records! In tandem with its last earnings update, Broadcom also announced a 10-for-1 stock split that will ...