Never hear off? Which mountain u came from ?
An $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7
With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?Broadcom is not guaranteed to stay ahead of Tesla, at least in the near term. Tesla’s stock is notoriously volatile, and its market cap could plausibly beat Broadcom’s for a time. But Broadcom’s long-term outlook is by far the sunnier of the two. Wall Street analysts on average expect its stock price to keep climbing, while they expect Tesla’s to continue to fall. Tesla’s stock has retreated to where it was almost four years ago, while Broadcom’s is up 290% since then.Shrewd acquisitions and management are central to Broadcom’s growth but don’t fully explain the company’s phenomenally swelling market cap. The other crucial factor is, not surprisingly, the AI frenzy. One of Broadcom’s most important businesses is designing semiconductors—computer chips—and in the past year, de
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- FGP·10-11Writers are juz writers…they sit back and read read write write but not into techs. Unless its a techkie writerLikeReport