1 Unstoppable Stock To Buy Right Now Before It Soars 91% to Join Nvidia, Apple, Alphabet, and Microsoft in the $3 Trillion Club | The Motley Fool

There are currently 11 companies worth $1 trillion or more (as I write this), but only four are members of the vaunted $3 trillion club: Nvidia at $4.4 trillion, Apple at $3.7 trillion, Alphabet at $3.6 trillion, and Microsoft at $3 trillion.

Mounting evidence suggests that Broadcom (AVGO 4.11%) will join these tech titans in the years to come. The company’s products play a crucial role in data centers — where most artificial intelligence (AI) processing occurs — and unprecedented demand is fueling robust financial and operating results.

The semiconductor and data center specialist has a market capitalization of $1.6 trillion (as of this writing), so investors who buy Broadcom right now are looking at potential returns of 91% if the company joins the $3 trillion club. I believe that day is fast approaching.

AI is just the beginning

One of the biggest byproducts of the rapid adoption of AI has been the ongoing expansion of data centers needed to support the technology. While Broadcom is widely known for its semiconductors, the company is also a supplier of networking components and accessories that are critical to the operation of data centers.

The biggest contributor to the company’s recent success has been the unrelenting demand for its Application-Specific Integrated Circuits (ASICs). These specialized chips can be customized to be more efficient in specific use cases.

As cloud and data center operators look to rein in costs, ASICs have…