Up Around 60% This Year, Is Broadcom Stock Still a Good Buy?

One of the hottest artificial intelligence (AI) stocks to own in recent years has been Broadcom (NASDAQ: AVGO). The semiconductor company serves many large tech giants (like hyperscalers), and it has experienced a surge in growth due to an increase in AI-related spending.Since 2023, the stock has surged more than 550%, including this year's gains of around 60%. With so much of a rally, the stock's market cap is now around $1.7 trillion. Has Broadcom become too expensive a stock to own, or can it still rise even higher?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool