Another Artificial Intelligence (AI) Stock Split Is Coming. Could Broadcom Be the Next Nvidia?
If you believe its hype, artificial intelligence (AI) is one of the most profound advances in technology ever. This may be hyperbole -- time will tell -- but it's clear already that the technology has commercial power. Its impact in the market has been enormous, with its champion, Nvidia (NASDAQ: NVDA), joining Apple and Microsoft as among the biggest companies in the world.
Nvidia's rise led to the company splitting its stock 10-for-1, opening the door to more investors who were priced out. Now another company working in AI is splitting its stock, too. Broadcom (NASDAQ: AVGO), which designs, manufactures, and sells hardware and network infrastructure that allows AI programs to run, will split its stock later this summer.
So let's consider: Could Broadcom deliver the sort of returns Nvidia has?
Source Fool.com
Broadcom Ltd. Stock
With 83 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1750 € there is a slightly positive potential of 13.17% for Broadcom Ltd. compared to the current price of 1546.4 €.
