Broadcom (NASDAQ: AVGO) is playing a key role in supplying data centers with custom chips and networking products. Strong revenue and free-cash-flow growth have pushed the stock to new highs this year, with shares up 54% year to date through market close Oct. 13.
The stock is up more than 500% since the end of 2022, when the artificial intelligence (AI) boom started. However, there are important reasons why the stock will likely climb higher in 2026 and beyond.
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