2023-06-05 05:56:00 ET
Broadcom 's (NASDAQ: AVGO) stock has surged 45% since the beginning of the year. The diversified chip and infrastructure software company impressed the market with its stable growth, a new multiyear deal with Apple (NASDAQ: AAPL) , and the potential benefits from its planned takeover of cloud software giant VMware (NYSE: VMW) .
But should investors still buy Broadcom after that massive rally, which outpaced the Philadelphia Semiconductor Index 's 38% gain during the same period? Let's review Broadcom's business model, growth rates, and valuations to decide.
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For further details see:
Is It Too Late to Buy Broadcom Stock?