Broadcom has seen impressive stock gains recently, with analysts bullish on its potential to reach $300, following significant revenue growth in AI-related sectors. The company's AI revenue has tripled in fiscal 2024, projecting between $17-18 billion for fiscal 2025 and potentially $30 billion by 2027. Additionally, the acquisition of VMware has enhanced Broadcom's software segment, making it a highly attractive high-margin business that fits within the booming AI landscape, suggesting ongoing analyst optimism.
Broadcom has delivered stellar growth and its AI-related revenues have more than tripled in fiscal 2024, with projections for continued growth through 2027.
Two bullish analysts now think the stock can reach $300, indicating significant market confidence in Broadcom’s ability to replicate Nvidia's success.
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