Will Chip Giant Broadcom Be the Next $1 Trillion Company?

Worldwide, there are currently nine companies with market capitalizations of $1 trillion or higher. Taiwan Semiconductor Manufacturing (NYSE: TSM) fluctuates between crossing that threshold based on daily trading, so the true figure is more like 10 companies. However, investors want to know which company is next in line to join the exclusive $1 trillion stock club.That could be chip giant Broadcom (NASDAQ: AVGO), which is involved with multiple industries, including artificial intelligence (AI). It's valued around $750 billion, so it still has a ways to go before achieving a $1 trillion market cap. And it's in a footrace with drugmaker Eli Lilly (NYSE: LLY), banker JPMorgan Chase (NYSE: JPM), and retailer Walmart (NYSE: WMT), which are all valued between $680 billion and $710 billion.So, will Broadcom get there first? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool