Broadcom Has Trailed the S&P 500 This Year. That Shouldn't Last Much Longer.
Broadcom is likely to close the gap and beat the S&P 500 this year.
Overview
Broadcom (NASDAQ: AVGO) has truly become the next Nvidia in terms of recent price movements. Both chipmakers have crushed the S&P 500 over the past five years, but the year-to-date returns paint a very different picture.
A strong earnings report recently put Nvidia's year-to-date gains above the S&P 500, but Broadcom still lags the famed index. Broadcom is only up by 6% year to date, but this sluggish performance shouldn't last forever. Here's why Broadcom is primed to continue beating the S&P 500 in the long run.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.