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Barchart
Barchart
Amit Singh

As Broadcom Wins a New AI Customer, Is AVGO Stock a Buy Now?

Broadcom AVGO VMware Semiconductor

Broadcom (AVGO) stock has been on a solid run and with good reason. Over the past 12 months, shares of the semiconductor and software giant have surged by 154%, driven by strong demand for the company’s artificial intelligence (AI) semiconductors.

While AVGO stock has gained significantly in value, the momentum in its business and stock does not appear to be losing steam. If anything, it’s accelerating, with Broadcom recently adding a fourth major AI customer to its roster. This development could give its financials a significant boost and continue to support its share price.

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