Broadco (AVGO) is up 5% Wednesday, as AI stocks rebound from a recent slump. After struggling over the past week, large artificial intelligence stocks were in the green today, ahead of Nvidia’s earnings report. A positive report by the leading AI stock expected to leak into other top AI stocks, including AVGO and CRWD.

Broadcom has benefited from the ongoing AI surge, with the company’s artificial intelligence revenue spiking 220% in 2024 to $12.2 billion. On Broadcom’s recent earnings call, CEO Hock Tan said that over the next three years, there will be a “massive” AI opportunity for the company. With Nvidia on the rise, Broadcom AVGO stock may jump further in the coming days.

Currently, the company has a market value of $952 billion and is sitting just outside the top 10. Interestingly, Broadcom is worth more than major companies like Eli Lilly (LLY), JPMorgan Chase (JPM), Visa (V), and even Walmart (WMT). The stock is up more than 55% in that time and has increased more than 643% over the last five years amid the rising dominance of AI. Now, as uncertainty has been ever-present on Wall Street, the stock looks bound for a massive landmark achievement.

Also Read: Amazon (AMZN) a Top 5 AI Stock? Here’s What Bourgeon Capital Says

Furthermore, Broadcom is reportedly interested in acquiring parts of Intel in a move that Bernstein says would be good for the stock. AVGO currently boasts a good financial health score according to InvestingPro data. Moreover, it would be in a prime position to make the deal.

A successful acquisition of a piece of rival Intel and solid Q1 results from Broadcom and Nvidia will be solid fuel for AVGO stock. The stock currently has a median price target of $250, according to CNN. That would be up 9% from its current price point. Moreover, its high-end price projection is up 31%, reaching $300. The risk is relatively low as well, with Broadcom projected to reach $210 on its low-end forecast, which would still be up 3% from its position now

Broadco (AVGO) is up 5% Wednesday, as AI stocks rebound from a recent slump. After struggling over the past week, large artificial intelligence stocks were in the green today, ahead of Nvidia’s earnings report. A positive report by the leading AI stock expected to leak into other top AI stocks, including AVGO and CRWD.

Broadcom has benefited from the ongoing AI surge, with the company’s artificial intelligence revenue spiking 220% in 2024 to $12.2 billion. On Broadcom’s recent earnings call, CEO Hock Tan said that over the next three years, there will be a “massive” AI opportunity for the company. With Nvidia on the rise, Broadcom AVGO stock may jump further in the coming days.

Currently, the company has a market value of $952 billion and is sitting just outside the top 10. Interestingly, Broadcom is worth more than major companies like Eli Lilly (LLY), JPMorgan Chase (JPM), Visa (V), and even Walmart (WMT). The stock is up more than 55% in that time and has increased more than 643% over the last five years amid the rising dominance of AI. Now, as uncertainty has been ever-present on Wall Street, the stock looks bound for a massive landmark achievement.

Also Read: Amazon (AMZN) a Top 5 AI Stock? Here’s What Bourgeon Capital Says

Furthermore, Broadcom is reportedly interested in acquiring parts of Intel in a move that Bernstein says would be good for the stock. AVGO currently boasts a good financial health score according to InvestingPro data. Moreover, it would be in a prime position to make the deal.

A successful acquisition of a piece of rival Intel and solid Q1 results from Broadcom and Nvidia will be solid fuel for AVGO stock. The stock currently has a median price target of $250, according to CNN. That would be up 9% from its current price point. Moreover, its high-end price projection is up 31%, reaching $300. The risk is relatively low as well, with Broadcom projected to reach $210 on its low-end forecast, which would still be up 3% from its position now