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Shares of artificial intelligence (AI)-related semiconductor companies have been on an absolute tear in the last 15 months. After trading near multi-year lows in 2022, many of these semiconductor stocks have rallied recently to trade near record highs right now.
One such stock is Broadcom Ltd (AVGO), which is up 110% in the last year and a staggering 2,600% in the past decade, after accounting for dividends. Valued at a market cap of $600 billion, Broadcom is among the largest companies on the planet. Let’s see if the blue-chip dividend stock can touch a valuation of $1 trillion in 2024.
