Broadcom stock has delivered a return of more than 885% over the last five years.

Most artificial intelligence (AI) development happens with the help of data centers filled with purpose-designed chips and networking equipment. Nvidia ( NVDA 0.43% ) CEO Jensen Huang predicts tech giants will spend an eye-popping $4 trillion on AI data center infrastructure by 2030 to help further this AI development. That suggests a gargantuan financial opportunity for the semiconductor industry.

Broadcom ( AVGO 0.19% ) wants to capture a chunk of this rapidly growing market. Tech giants are already lining up to buy the company's customizable AI accelerators (a type of data center chip) and networking equipment, and the chip designer revealed a new $10 billion deal last Thursday that sent W

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