Is Broadcom the Next Nvidia, Offering Investors Life-Changing Returns?

Broadcom's (NASDAQ: AVGO) stock ripped higher last Friday, after the company posted fresh quarterly numbers and upbeat guidance. The company, which designs semiconductors for networking and custom AI accelerators and also sells infrastructure software via VMware, is crushing it. The market loved what it saw: Accelerating artificial intelligence (AI) revenue, record free cash flow, and upbeat guidance.It's fair to ask the obvious question: Is Broadcom the next Nvidia (NASDAQ: NVDA)? Nvidia is the AI infrastructure leader, growing faster and generating far more profit. Is this Broadcom's future? Yes, Broadcom is benefiting from AI spending, but the two businesses are very different, and today's price already embeds a lot of optimism.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool