Broadcom (AVGO) Rises on AI Chip Sales Forecasts for 2027

Broadcom Inc. (NASDAQ:AVGO) is one of the Best AI Stocks That Will Make You A Millionaire. On March 5, Reuters reported that Broadcom Inc. (NASDAQ:AVGO) forecasted over $100 billion in AI chip sales for 2027. This highlights potential share gain in a market dominated by Nvidia. After the news, the shares of Broadcom rose around 3%. The report noted that big tech firms, including Meta, Alphabet, Microsoft, and Amazon, have plans to spend more than $600 billion on AI infrastructure. This is expected to gro ...