from24/7 Wall St.
2 hours agoIs Broadcom a Buy Before Sept. 4 Earnings?
( BroadcomNASDAQ:AVGO) has been a standout performer, soaring 120% from its April lows and delivering an astonishing 500% return over the past three years. This meteoric rise is fueled by Broadcom's strategic pivot into artificial intelligence (AI), particularly in data centers, where its custom AI chips and networking solutions are in high demand. The company reportedly ( controls around 70% of the custom AI chip market , serving hyperscale clients like major tech giants Google and Meta PlatformsNASDAQ:META) building AI infrastructure.
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