Prediction: This Unstoppable Stock Will Rejoin the $2 Trillion Club by 2027

Broadcom, a semiconductor giant, was once part of an exclusive club of companies worth $2 trillion or more. However, its stock price has dropped 23% from its June peak due to concerns about the sustainability of the global artificial intelligence (AI) infrastructure build-out. According to Nasdaq Markets, Broadcom's custom data center accelerators can outperform Nvidia's latest chips when processing AI workloads.

The company's market capitalization currently stands at $1.77 trillion. Motley Fool notes that Broadcom supplies data center processing chips and components necessary to run AI training and inference workloads, making its stock price sensitive to any hint of a slowdown in infrastructure spending. Despite this, Broadcom's latest quarterly report suggests it still has growth potential.

The US is home to 11 companies worth at least $1 trillion, but only six of them are currently worth $2 trillion or more. Motley Fool predicts that Broadcom will rejoin the $2 trillion club before 2027.

Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.