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Nvidia and Broadcom Completed 10-for-1 Stock Splits. History Says the Artificial Intelligence (AI) Stocks Will Do This Next
AVGOBroadcom(AVGO) The Motley Fool·2024-07-19 08:45

These semiconductor stocks have been rewarding investments, but history portends more upside for shareholders by mid-2025.UBS analysts estimate that artificial intelligence (AI) spending will approach $1.2 trillion annually by 2027. Semiconductor companies Nvidia (NVDA 2.63%) and Broadcom (AVGO 2.91%) have already benefited from that opportunity, and enthusiasm about their ability to monetize AI has driven both stocks higher.Since November 2022, shares of Nvidia and Broadcom have advanced 765% and 300%, res ...