Is Broadcom the Under-the-Radar AI Semiconductor Stock to Buy in 2024?

Everybody knows Broadcom (AVGO -0.20%) as a giant in the semiconductor industry. With a $583 billion market cap and annual revenues of $35.8 billion, the company stands shoulder to shoulder with household names like Intel and Nvidia.Best known for making chips that move data through many kinds of networks and systems, you might not think of Broadcom as a play on the artificial intelligence (AI) boom. As it turns out, Broadcom's networking solutions play a crucial role in large-scale AI systems. In particula ...