Broadcom Stock Has 29% Upside, According to 1 Wall Street Analyst

Broadcom is increasingly benefiting from the AI boom.Broadcom (AVGO -0.47%) provides chips and software solutions for servers, smartphones, among other enterprise and consumer markets, but growing investment in data centers for artificial intelligence (AI) infrastructure is emerging as an important long-term growth catalyst.The stock rocketed nearly 113% over the last year, but JPMorgan analysts see more gains based on Broadcom's opportunity to supply chips for Alphabet's Google and Meta Platforms over the ...