Should Broadcom Be in the "Magnificent Seven?"
Broadcom(AVGO) The Motley Fool·2024-03-16 09:10
At first glance, Broadcom (AVGO -2.12%) does not look like a "Magnificent Seven" stock. The Magnificent Seven name, coined by Bank of America analyst Michael Hartnett in 2023, largely featured household names such as Apple and Amazon. Broadcom, by contrast, is a B2B company, and many investors know little about it.Nonetheless, its $590 billion market cap now exceeds that of Magnificent Seven stock Tesla (TSLA 0.66%). Given the continual growth in its revenue, dividend, and stock price, investors should ask ...