Yahoo! Tech
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2024-12-17 17:24:38
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wss://articles.layer3.newsPublished at
2024-12-17 17:24:38Event JSON
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"Broadcom’s ‘Nvidia Moment’ Has Arrived. Now It Needs to Deliver"
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"Broadcom's prediction of a $90 billion addressable market for AI components by fiscal 2027 has driven its stock price up, with analysts scrambling to keep up. The company's AI business has been a key driver of its growth, and its shares are now up more than 110% year-to-date. However, some analysts are cautioning that the stock may have limited room for error, and that not every 'Nvidia moment' has turned into a sustained gain."
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