BROADCOM'S MASSIVE RALLY
Broadcom shares have soared 38% in the two trading days since it reported results, pushing the company's market capitalization to nearly $1.2 trillion. At the heart of the rally is Broadcom's prediction that the addressable market for AI components it designs for data center operators will be as big as $90 billion by fiscal 2027. But there's a lot to be done to turn that opportunity into reality.
"This is kind of like the Nvidia moment of maybe a year-and-a-half ago where they blew the number out and everybody had to catch up and chase it," said Ken Mahoney, CEO at Mahoney Asset Management, which owns the stock. Broadcom is showing investors that the demands from AI computing are so big that there's plenty of room for other winners aside from Nvidia, Mahoney said.
هذه القصة مأخوذة من طبعة December 18, 2024 من Financial Express Kolkata.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 18, 2024 من Financial Express Kolkata.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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