Why this chip stock is still deemed a ‘must-own’ AI play — despite its 70% surge in a year - MarketWatch
1. AVGO shares increased 68% over the last year, showing strong performance. 2. Analysts expect a 43% CAGR for AI chip sales through 2027. 3. Broadcom's ownership of VMware boosts profitability and market leadership. 4. AVGO is positioned as a top AI stock, attracting major tech firms. 5. New customer growth could enhance AVGO's AI revenue significantly.