Why? Broadcom is the ultimate picks & shovels architecture of the AI revolution, boasting deep moats that far outweigh its modest dividend yield of 0.66%.
Broadcom completely dominates the high margin custom ASIC market. It serves as the exclusive co design partner engineering custom AI accelerators for tech giants like $Alphabet(GOOG)$ $Meta Platforms, Inc.(META)$ & Anthropic through 2029.
This has helped drive an explosive 143% surge in AI semiconductor revenue to USD 11 billion in its latest quarterly report.
Wall Street analysts have maintained a Buy rating with a USD 524.00 consensus price target, an upside potential of 33%.
So it is a good time to buy Broadcom to hold long term.
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