Here's How AI Is Boosting Broadcom's Prospects

By Parkev Tatevosian, CFA – Jun 25, 2023 at 4:15AM

NASDAQ: AVGO

Broadcom

Market Cap

$613B

Today's Change

(-0.50%) -$6.65

Current Price

$1,321.90

Price as of June 3, 2024, 4:00 p.m. ET

Broadcom is seeing rising demand for its products from companies developing AI capabilities.

Fool.com contributor Parkev Tatevosian highlights precisely how Broadcom (AVGO -0.50%) is capitalizing on the rising interest in artificial intelligence.

*Stock prices used were the afternoon prices of June 22, 2023. The video was published on June 24, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.