The company has emerged as a leader in the artificial intelligence (AI) space.
Among large-cap stocks in the artificial intelligence (AI) sector, Nvidia seems to have drawn the most attention. This is understandable, given its leadership in powering generative AI applications.
Nonetheless, this does not mean we should ignore other successes in the AI industry. Another top performer is Broadcom ( AVGO -3.44% ) , which delivered a total return of 1,070% over the past five years, beating the S&P 500 ( ^GSPC -0.03% ) by almost tenfold.
That took its market cap to around $1.7 trillion, achieving such growth in large part by offering companies an alternative to Nvidia. Given its success, investors should examine whether Broadcom's market-beating returns can continue.