Broadcom Stock Could Soon Generate $100 Billion in AI Revenue Each Year. Should You Buy AVGO Now?

Broadcom (AVGO) has a trailing twelve-month revenue of just below $60 billion. So when someone comes out with a $100 billion annual revenue estimate, people notice. If that someone is J.P. Morgan, investors pay even closer attention. This is precisely what transpired earlier this week. J.P. Morgan analyst Harlan Sur came out with a positive note on three chip giants: Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO). He has called the growth figures for these companies conservative due to f ...