Broadcom Stock Is Up 120% in the Past Year. This Analyst Thinks It Is One of the Highest-Quality Stocks to Buy for the Next Year Too.

Semiconductor giant Broadcom Inc. (AVGO) has been among the big winners in the artificial intelligence (AI)-fueled market, and its recent correction hasn’t done much to alter that. After registering an impressive 120% gain last year, the stock took a sharp dip recently. Yet, it continues to remain in focus on Wall Street as a high-quality stock that stands to gain from AI expenditure well into next year. That sentiment was reiterated recently by GMO Portfolio Manager Tom Hancock, who considered Broadcom ...