Broadcom (NASDAQ: AVGO) is on the verge of turning the Magnificent Seven into Eight. The Mag Seven are the top U.S. stocks by market cap, all tech names, and the only United States stocks with trillion-dollar market caps. Broadcom was about 17% below that target going into the FQ1 2025 earnings report; coming out, the stock price surge went off the charts, rising nearly 17% to tickle the critical level and set a new all-time high. Because the results are driven by fundamental strengths, including high demand for AI-related products and AI's budding, multi-generational upgrade cycle drive, Broadcom stock will likely continue moving higher, enter the trillion-dollar market cap zone, and turn the Mag Seven into Eight.
