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Barchart
Amit Singh

Broadcom Stock 2025 Prediction: Is AVGO a Buy or Sell After a 112% Rally in 2024?

Broadcom AVGO

Shares of Broadcom (AVGO), a semiconductor and infrastructure software solutions provider, have gained 112% so far in 2024. This impressive rally in AVGO stock has been driven by strong growth in artificial intelligence (AI) revenue, which skyrocketed by 220% year-over-year in fiscal 2024. Broadcom’s custom AI accelerators – dubbed XPUs – and its robust Ethernet networking portfolio are major contributors to this growth.

The AI momentum has propelled Broadcom’s market capitalization past the $1 trillion mark. Looking ahead, management remains confident that AI revenue will continue to be the company's primary growth engine.

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