This high-flying AI stock has clocked incredible returns in the past year, but does it have enough fuel in the tank to deliver more gains?
Chip designer Broadcom ( AVGO -2.69% ) has clocked sizzling returns in the past year, turning an investment of $1,000 into more than $2,400 as of this writing. The stock's remarkable jump of 144% during this period has significantly outpaced the 27% gains clocked by the PHLX Semiconductor Sector index in the past year.
Broadcom stock received another boost after releasing its fiscal 2025 third-quarter results (for the three months ended Aug. 3) on Sept. 4. Shares of the company jumped more than 9% the following day as it became clear that the chip giant is on track to win big from the proliferation of artificial intelligence (AI) in the