Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Jabran Kundi

Broadcom Stock Could Soon Generate $100 Billion in AI Revenue Each Year. Should You Buy AVGO Now?

Broadcom (AVGO) has a trailing twelve-month revenue of just below $60 billion. So when someone comes out with a $100 billion annual revenue estimate, people notice. If that someone is J.P. Morgan, investors pay even closer attention.

This is precisely what transpired earlier this week. J.P. Morgan analyst Harlan Sur came out with a positive note on three chip giants: Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO). He has called the growth figures for these companies conservative due to funding and execution concerns. He believes the AI accelerator market should continue to grow at a 40-50% CAGR.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.