Is Broadcom a Millionaire-Maker Stock?
Investors with time on their side have a realistic path to $1 million.
Overview
Only a handful of companies have benefited more from the current artificial intelligence (AI) boom than Broadcom (NASDAQ: AVGO). Shares of the semiconductor giant are up 330% in the past three years, and Broadcom now sits as the world's ninth-most valuable company, with a market capitalization of $1.68 trillion (as of Sept. 28).
Broadcom has made plenty of millionaires through the years, but after its current run-up, has that ship sailed? If you have time on your side, I don't believe so.
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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.