Broadcom Has Over $150B Of AI Silicon Opportunity Over Next 5 Years, Says Analyst
Portfolio Pulse from Surbhi Jain
Broadcom Inc. (NASDAQ:AVGO) is poised for significant growth with a $150 billion AI silicon market opportunity over the next five years, according to JPMorgan analyst Harlan Sur. The company is seeing strong booking trends in both AI and non-AI segments, indicating robust near-term and long-term prospects.
July 16, 2024 | 1:14 pm
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Broadcom is expected to benefit significantly from a $150 billion AI silicon market opportunity over the next five years. Strong booking trends in both AI and non-AI segments indicate robust growth prospects.
The news highlights a substantial market opportunity for Broadcom in AI silicon, which is expected to drive significant revenue growth. Additionally, strong booking trends in both AI and non-AI segments suggest robust near-term and long-term prospects, making the stock likely to go up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100