Broadcom Joins the $1 Trillion Club: Is This Growth Stock a Buy Before the End of the Year?

Nvidia (NASDAQ: NVDA) led the semiconductor industry and the tech sector to new heights in 2023 and 2024. The chipmaker embodied the breakneck pace of growth in the artificial intelligence (AI) sector, and has been trading the crown of most valuable company in the world with Apple and Microsoft. But it is far from the only chip stock that is putting up monster gains.After reporting its fiscal 2024 fourth-quarter (ended Nov. 3) results on Dec. 12, Broadcom (NASDAQ: AVGO) surged by 24.4% on Dec. 13 to a new all-time high and a market cap of $1.05 trillion. The stock has more than doubled year-to-date and is now up by more than 600% during the past five years. In fact, Nvidia is up just 1% during the past six months, while Broadcom has surged by about 44% (as of Dec. 16).Here's what you need to know about the tech giant's results, where it could be headed, and if this growth stock is worth buying before 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool