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Meet Wall Street's Newest $1 Trillion Artificial Intelligence (AI) Stock -- but Don't Rush to Buy It Just Yet
AVGOBroadcom(AVGO) The Motley Fool·2024-12-16 23:30

Up until the market opened on Friday, Dec. 13, America was home to seven technology companies worth 1trillionormore:Apple:1 trillion or more:Apple: 3.7 trillion.Nvidia: 3.3trillion.Microsoft:3.3 trillion.Microsoft: 3.3 trillion.Amazon: 2.4trillion.Alphabet:2.4 trillion.Alphabet: 2.3 trillion.Meta Platforms: 1.5trillion.Tesla:1.5 trillion.Tesla: 1.4 trillion.However, an eighth company just joined the ranks. Broadcom (AVGO 11.21%) stock surged 24% last Friday following the release of its financial results for fiscal 2024 (ended Nov. 3), catapulting the company into the exclusive $$1 ...