Why Investors Were Sweet on Stock-Split Stock Broadcom Today

Broadcom (NASDAQ: AVGO) is not only the best play on the artificial intelligence (AI) revolution, it's the best stock investment of all for 2025. That, at least, is the view of one enthusiastic researcher tracking the chipmaker's shares. On news of it granting Broadcom its top pick for 2025 status, investors pushed the stock's value up by more than 1% on Friday. Jefferies is the company behind the recommendation; Friday morning, it tapped Broadcom as its No. 1 stock for the coming year. In doing so, it enacted a significant price target raise, to $300 per share from the preceding $225. According to reports, Jefferies believes that Broadcom is beautifully placed for a pop, as it is a key developer and manufacturer of advanced, custom-designed chips (known as ASICs). Such products are ideal for the heavy processing demands of AI. Ultimately, by 2027 the company could reap over $60 billion in annual sales of chips that power AI functionalities.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool