Broadcom (NASDAQ:AVGO) is already one of the most valuable companies in the world, with a market value of about $1.7 trillion. Yet the stock trades near $357 as of this writing, about 28% below its 52-week high of $495. The slide deepened after the company's Sept. 2 fiscal third-quarter report, even though the results were excellent. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue » My prediction: Broadcom will be a $3 trillion company by the end of 2030. From about $1.
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