Where Will Broadcom Stock Be in 5 Years?

Broadcom (NASDAQ: AVGO) stock has delivered impressive returns to investors in the past five years. An investment of $1,000 made in mid-March 2020 would have grown into a holding worth more than $8,300 thanks to robust demand for the company’s chips, which are deployed in a host of applications ranging from smartphones to data centers to cloud computing to broadband to storage, among others.

The chip designer’s returns in the last five years have easily outpaced the 112% gains clocked by…