Broadcom (AVGO) to Join $1T Club as Stock Still Has 47% Upside
Although we are less than two months into the year, the stock market has certainly underperformed. There is no shortage of companies struggling as geopolitical tensions loom large. However, Broadcom (AVGO) is approaching a unique milestone as it may be set to join the $1 trillion club while still boasting a 47% upside for its stock price this year. Currently, the company has a market value of $952 billion and is sitting just outside the top 10. Interestingly, the semiconductor stock is worth more than major companies like Eli Lilli (LLY), JPMorgan Chase (JPM), Visa (V), and even Walmart (WMT). Yet, with stacked competition, could AVGO make good on its potential this year? Source: AFP 2023 / JEWEL SAMAD Also Read: Broadcom (AVGO) Stock Bucks Trend, Jumps 6%: Here’s Why Broadcom Looks Poised for $1 Trillion Club as Stock Still Has Room to Increase It has been a pretty good year for Broadcom. The stock is up more than 55% in that time and has increased more than 643% over the last five ye...