
Broadcom (NASDAQ: AVGO) has been one of the most talked-about names in the stock market as artificial intelligence (AI) has taken the world by storm. Many consider ChatGPT's November 2022 public launch as the point where AI was thrust into the cultural zeitgeist. Underscoring Broadcom’s importance to AI is the massive gains the stock has seen since then.
From November 30, 2022, through late August 2023, shares generated a total return of about 489%.