
Broadcom CEO Hock Tan has projected a robust future for artificial intelligence, predicting that AI revenue will increase by 220% in 2024. This forecast indicates that the current investment surge in AI is expected to persist through 2030. Broadcom's strategic partnerships with major tech companies such as Google, Meta, and Apple are expected to enhance its position in the AI market. Meanwhile, Broadcom's stock ($AVGO) has shown positive price action, with recent trading indicating a potential test of all-time highs, particularly as it approaches the $251 mark.
$AVGO New buy on the members page on Tuesday at 235.66, testing 246 here and just below new ATH. https://t.co/xxirQbOSQz https://t.co/UFxr5pCQ7J
$AVGO continuation higher, $251 ATHs not far https://t.co/Ff3mteL0SG
$AVGO, $GOOGL into new highs, continue to be top leaders in Tech
