The Smartest Growth Stock to Buy With $1,000 Right Now

Broadcom (NASDAQ: AVGO) doesn't have the same name recognition as some of its peers, like Nvidia, but that doesn't make the company any less influential in the artificial intelligence (AI) space. The company is making huge waves in the AI semiconductor market as companies ramp up spending to build new AI infrastructure. It also has the added benefit of delivering impressive financial results.Even after Broadcom's share price surge over the past few years, its stock looks well-priced, considering its growth opportunities. Let's take a closer look at what's happening with Broadcom and why it might be a good place to invest $1,000 right now.One of Broadcom's biggest opportunities comes from its application-specific integrated circuits (ASICs), which are used in AI data center infrastructure. Dominant tech companies, including Alphabet and Meta Platforms, use Broadcom's chips for some of their AI needs, and a projected rise in spending could boost demand further.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool