Bank of America predicts that Broadcom has the potential to become a trillion-dollar company, while acknowledging that rival Nvidia would remain three times larger.
Chipmakers driving the AI revolution are currently thriving in the stock market, with NVIDIA leading the race. However, Broadcom, another American semiconductor maker, recently announced a stock split and exceeded earnings expectations in its second-quarter report. The company projected $51 billion in sales for fiscal 2024, prompting a significant increase in its stock price. Bank … Read more