Why This AI Company Could Be the Best Stock-Split Buy Heading Into 2025
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It has been an eventful year for investors in Broadcom (NASDAQ: AVGO). The stock has more than doubled in value over the past 12 months. The company split its stock over the summer to lower its share price, but enthusiasm over recent earnings results sent it soaring to nearly $250.Stock price movements don't always match what's happening with the underlying company. However, Broadcom's recent business developments point to the possibility that it could be the next big winner in the artificial intelligence (AI) chip space -- and perhaps the best stock-split buy heading into next year.The company has long specialized in semiconductors for networking, switching, and other connectivity applications. That expertise has translated to the artificial intelligence (AI) chip segment, where Broadcom is winning business by developing custom chips called XPUs (extreme processing units) that can work together to perform AI-specific tasks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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