Broadcom Joins Nvidia, Tesla in Top Stock Options as Market Cap Hits $1 Trillion
Broadcom Price Target Raised to $250 From $200 at Piper Sandler
Nvidia's Stock Misses Out on the Big Chip Rally After Broadcom Earnings
Sell NVIDIA, buy Broadcom! What is the market saying on Friday?
Analysts pointed out that Wall Street is focusing on the demand for ASICs (Application-Specific Integrated Circuits) from major Technology companies, which may be one of the reasons for the drop in NVIDIA Stocks. In the coming years, custom chips will gradually take market share from expensive GPUs in the applications of generative AI.
Another powerhouse joins the "trillion dollar club"! Broadcom surged over 24% after earnings, with AI revenue soaring 2.2 times.
Wall Street gasps, "The next NVIDIA?"
Options Market Statistics: Broadcom Shares Surged Over 24% to Top $1 Trillion Valuation; Options Pop
