Momentum Stocks to Buy: Broadcom (AVGO)
Broadcom Ltd (NASDAQ:AVGO) is one of those tech companies that has been around a long time, in various incarnations. It began in the 1960s as part of the legendary Bell Labs research and development group, where it developed the first LED pixels for screens and handheld devices.
Since then, it has been spun off and recombined with major industry leaders as technologies have waxed and waned. Now it is a leader in the most promising technologies of the future as well as the most in-demand tech of the day. AVGO equipment is in cable set-top boxes, mobile phones, radio towers and streaming services (on both the back and front ends).
And AVGO will be a leader in artificial intelligence for driverless cars and smart machines, as well as game-changing technologies like the internet of things.
AVGO is up 40% year to date and it’s just starting a run as big tech firms gear up for the next wave in mobile and machine learning demand.