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•83% Informative
Broadcom (NASDAQ: AVGO ) has a market capitalization of $840 billion as of this writing, following an incredible 527% gain in its stock over the last five years .
Despite only joining in 2023 , Nvidia has leapfrogged tech giants like Microsoft to become the second -most valuable company in the world.
Broadcom is experiencing incredible demand for its AI data center hardware, and that could be the company's ticket to the $1 trillion club in 2025 .
Wall Street expects Broadcom 's revenue to grow by 17.5% in fiscal 2025 , which is in the ballpark.
Nvidia CEO Jensen Huang believes data center operators will spend $1 trillion building AI infrastructure over the next five years .
Broadcom raised its fiscal 2024 AI revenue forecast by a whopping $1 billion last quarter .
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