Is It Too Late to Buy Broadcom Stock?

Artificial intelligence (AI) supercharged the business of semiconductor chipmakers over the past year, and in turn, their stocks. Broadcom (NASDAQ: AVGO) is among these AI beneficiaries as shares skyrocketed from a 52-week low of $79.51 a year ago to $185.16 in 2024.Adding to this was the company's announcement of a 10-for-1 forward stock split, which sent shares soaring to a record high. After the split took place in July, Broadcom stock dipped a bit but stubbornly remains well above its low.Given the dramatic rise in Broadcom shares over the past year, does this mean it's too late to buy the stock? Here's a look into the company to help you assess if there's still an upside opportunity for Broadcom over the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool