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Barchart
Barchart
Kritika Sarmah

Are Wall Street Analysts Predicting Broadcom Stock Will Climb or Sink?

Broadcom AVGO

Based in California, Broadcom Inc. (AVGO), with an impressive market cap of $771.4 billion, is a leading designer and global supplier of a wide range of semiconductor devices, focusing on complex digital and mixed-signal CMOS-based products and analog III-V products.

Shares of this semiconductor titan have significantly outperformed the broader market over the past 52 weeks. AVGO has surged 99% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.1%. In 2024, AVGO saw a rise of 48.5%, outpacing SPX's 16.5% rise.

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