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Barchart
Barchart
Sushree Mohanty

Broadcom Just Landed Game-Changing AI Deals. Is AVGO a Buy Now?

Broadcom AVGO Google Vijay Rakesh Anthropic

Broadcom (AVGO) has grabbed investor attention after securing major multi-year AI chip deals with Alphabet’s (GOOG) (GOOGL) Google and rising AI powerhouse Anthropic. The stock climbed 6.2% yesterday with the expectation that these deals will solidify  Broadcom’s position as the key backbone of AI infrastructure for years. They signal long-term visibility into both revenue and relevance in the rapidly expanding AI chip market.

AVGO stock is up just 1% year-to-date (YTD), compared to the tech-heavy Nasdaq Composite Index ($NASX) dip of 2.5%. Is this the right time to grab AVGO stock now?

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