Prediction: This Artificial Intelligence (AI) Stock Could Hit a $2 Trillion Valuation by 2028 | The Motley Fool

Broadcom (AVGO 1.90%) has become a key player in the artificial intelligence (AI) chip market thanks to its application-specific integrated circuits (ASICs). ASICs are gaining tremendous traction among cloud service providers and hyperscalers because of their cost-effective nature and performance advantages over general-purpose computing chip systems such as graphics cards.

This explains why Broadcom stock has shot up an impressive 65% in the past year, which…