Broadcom’s AI Rally Sparks Concerns of Overvaluation
Broadcom Inc.’s stock has surged 38% in two trading days, catapulting its market capitalization to nearly $1.2 trillion. The chipmaker’s AI business is driving the rally, with analysts predicting a massive addressable market for AI components by 2027. However, investors are warning that Broadcom still needs to deliver sustained growth and justify its record-high valuation. … Read more