Broadcom Stock Analysis: Never Mind AI, AVGO Is the Best Dividend Growth Stock
Broadcom(AVGO) Investor Place·2024-07-30 10:05Most people discussing Broadcom (NASDAQ:AVGO) stock focus on artificial intelligence, and rightly so. The premier mobile chipset maker in recent periods turned its attention to data center infrastructure, such as Ethernet switching and routing silicon.Broadcom stock is seeing tremendous growth from AI chip sales. Custom AI accelerators and merchant networking chips led AI chip sales to jump 35% in the second quarter. Broadcom guides AI chips to bring in $11 billion in revenue this year, or 25% of total sale ...