Broadcom's incredible growth has been reflected in the price of its shares, which have surged since 2014 to the tune of a 3,170% gain. This culminated on July 15, 2024, when the company achieved a market cap close to $1 trillion, solidifying its position as a top player in the semiconductor industry. Such performance underscores the company's ability to capitalize on emerging technologies, including artificial intelligence and advanced infrastructure products.
Despite shares of Broadcom gaining over 530% in the past five years and 60% in 2024, 24/7 Wall Street has performed analysis that suggests there is still big-time upside for Broadcom before the end of the decade, indicating that investors may be wise to consider increasing their exposure to this rapidly expanding company in the semiconductor and software domains.
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