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recent price surgeThe Motley Fool
•Technology
Technology
87% Informative
Nasdaq Composite has repeatedly reached new heights in 2024 , notching more than 110 new all-time highs.
The tech-focused index jumped 43% last year and is up roughly 30% so far in 2024 (as of this writing) Despite its recent rally, there's reason to believe that Broadcom 's impressive run will continue in 2025 .
Broadcom provides a vast array of semiconductor, software, and security products.
Broadcom has outperformed the broader market by a wide margin over the past five years .
The stock currently trades for about 35 times forward earnings, compared to a multiple of 30 for the S&P 500.
When viewed through that lens, I'd argue Broadcom is a buy.
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