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Broadcom Joins $1 Trillion Market Cap Club as Stock Soars on AI Demand
Shares of Broadcom soared on Friday, launching the chipmaker into the small club of public companies worth more than $1 trillion.
Broadcom is closing in on $1 trillion market cap. Here’s how many other companies have achieved that lofty status.
Shares of Broadcom were soaring Friday following a bullish forecast on sales of artificial-intelligence chips, putting the company on the cusp of becoming the next member of the trillion-dollar club.
Broadcom Joins the $1 Trillion Club. What Comes Next for the Stock.
Broadcom shares were up 20% at $217.45 in Friday trading following its fourth-quarter earnings report, pushing its market value above $1 trillion for the first time. The stock needs to close at or above $214.
Broadcom hits $1T market cap after CEO’s ‘huge’ AI prediction
Broadcom is predicting a massive expansion in demand for chips that power AI — and the market, for now, is buying it all the way. The company’s valuation hit $1 trillion on Friday as its shares surged 21% after CEO Hock Tan said AI could present a $60 billion to $90 billion revenue opportunity in 2027,
Hosted on MSN
15h
Tesla Likely to Reach $2 Trillion Market Capitalization by End of 2025 Amid AI Opportunity, Wedbush Says
Tesla (TSLA) could reach a market capitalization of $2 trillion by the end of 2025 as the company's autonomous driving vision takes shape, according to Wedbush Securities. Donald Trump's return to the ...
7d
on MSN
There are 2 problems with Warren Buffett's stock market valuation indicator
"As with most measures, we need to be careful using it when we compare the present to the past," Morgan Stanley's Michael ...
2d
on MSN
Jim Cramer on KKR & Co. Inc. (KKR): ‘Maybe Holding Onto Positions Isn’t Such A Bad Move’
We recently compiled a list of the Jim Cramer Discussed 18 Companies That Hit $100 Billion in Market Cap in 2024. In this ...
3d
on MSN
AI memecoins will become utility tokens
AI memecoins are evolving into utility tokens, potentially powering an agentic AI revolution in Web3. Since October, ...
1d
Meet the Newest Artificial Intelligence (AI) Chip Stock to Join Nvidia in the $1 Trillion Club
The newest artificial intelligence chip stock in the $1 trillion club is Broadcom ( AVGO 24.43%). The stock passed the ...
Cryptopolitan on MSN
3d
Solana (SOL) meme tokens reawaken, BONK leads, while AI16Z breaks above $1B market cap
Solana meme tokens are still highly active, with five assets breaking the $1B market cap barrier. AI agents are also boosting ...
4h
on MSN
ai16z’s Eliza Labs, Stanford clinch AI research partnership
Eliza Labs has partnered with Stanford University to research how artificial intelligence agents can improve Web3.
2d
on MSN
Jim Cramer on Spotify Technology S.A. (SPOT): ‘The Market Loves Subscription Models Because They’re Sticky’
We recently compiled a list of the Jim Cramer Discussed 18 Companies That Hit $100 Billion in Market Cap in 2024. In this ...
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