Is Broadcom the Next Nvidia, Offering Investors Life-Changing Returns?
Broadcom's latest results were impressive, but expecting an Nvidia-like moonshot from here is a stretch.Broadcom's (AVGO 9.18%) stock ripped higher last Friday, after the company posted fresh quarterly numbers and upbeat guidance. The company, which designs semiconductors for networking and custom AI accelerators and also sells infrastructure software via VMware, is crushing it. The market loved what it saw: Accelerating artificial intelligence (AI) revenue, record free cash flow, and upbeat guidance.It's f ...