Is Broadcom Stock Your Ticket to Becoming a Millionaire?

Broadcom (NASDAQ: AVGO) has emerged as a key player in a market on track to reach into the trillions of dollars just a few years from now. I'm talking about artificial intelligence (AI), a technology that's drawn the interest and investment of customers across industries. They aim to use the power of AI to improve their operations and even develop better products and services. And all of this could fuel significant earnings growth.Key tools involved in this are chips as well as networking equipment, and Broadcom is a major provider of both. In fact, sales of these products have helped supercharge the company's earnings in recent times -- and stock performance has reflected this strength. Over the past five years, Broadcom shares have soared more than 800%.Moving forward, with the AI boom set to unfold over the long term, is Broadcom your ticket to becoming a millionaire? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool