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Could Broadcom Become the Next Nvidia?
AVGOBroadcom(AVGO) The Motley Fool·2024-02-17 12:50

Nvidia (NVDA -0.06%) became the world's first trillion-dollar chipmaker in 2023, and it's now worth $1.8 trillion. That marks a whopping gain of 1,810% in just five years. Nvidia's historic run was fueled by the rapid growth of the artificial intelligence (AI) market, which sparked brisk sales of its high-end data center GPUs for processing AI tasks.Nvidia's multibagger gains are impressive, but could Broadcom (AVGO -1.55%) -- which rallied nearly 350% over the past five years and is worth about $590 billio ...