Broadcom Stock Doubled in 2024. Can This Dominant AI Stock Double Again in 2025?
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Broadcom (NASDAQ: AVGO) had an incredible 2024, with the stock more than doubling. After a run-up like that, many investors might wonder how much upside potential is left -- if any.Broadcom is in a great position in the artificial intelligence (AI) industry. It helps design custom AI accelerators, and also sells connectivity switches used in AI data centers. But after the emergence of DeepSeek's R1 as a less computationally demanding model, is Broadcom still a solid stock pick right now?Broadcom isn't just a business devoted to serving the AI market. Its products include mainframe software, virtual desktops (mainframe-based software that allows users to access their personal desktop environments and software from any device), and an AI product line. However, most of the excitement around the stock lately has been driven by its virtual desktop and AI products.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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