1 Unstoppable Stock to Buy Before It Joins Microsoft in the $3 Trillion Club
Broadcom's healthy earnings growth will pave the way for solid upside in this semiconductor stock over the next two and a half years.
Overview
Microsoft is the fourth-largest company in the world with a market cap of $3.5 trillion, reaching this position thanks to its diversified businesses that are benefiting from the growing adoption of artificial intelligence (AI).
From cloud computing to productivity to gaming, Microsoft offers a range of products and services that have been driving healthy growth for the company. However, there's another tech stock that has been outperforming Microsoft over the past year.
Details
Shares of Broadcom (NASDAQ: AVGO) have appreciated 28% over the past year, while Microsoft stock has dropped 7%. Broadcom is currently the eighth-largest company in the world with a $1.9 trillion market cap. I won't be surprised to see this semiconductor giant rise substantially and join Microsoft in the $3 trillion market cap club. Let's look at the reasons why.
Source
Originally published at www.fool.com.