Why This Analyst Thinks Broadcom Will Be the Next Trillion-Dollar Stock

Broadcom (NASDAQ:AVGO) stock is up big today after one Bank of America analyst pegged the chipmaker as the next trillion-dollar stock. Indeed, according to BofA’s Vivek Arya, Broadcom has a path to “join the trillionaires club.”BofA raised its price target for AVGO stock on Thursday to $2,000 per share from $1,680 while maintaining its “buy” rating. At its current share price of around $1,680, this represents nearly 20% upside.At a market capitalization of over $770 billion, Broadcom is just behind the gian ...