Broadcom (AVGO) stock has gained about 130% over the past year, driven by a solid demand environment. The company specializes in application-specific integrated circuits (ASICs), highly sophisticated custom chips designed for artificial intelligence (AI) and high-performance computing. As global demand for AI technology continues to soar, Broadcom is poised to benefit from rising spending on AI infrastructure. Broadcom also generates steady, recurring revenue from its infrastructure software business. The ...