AI Predicts Broadcom Stock Price for End of 2024: A Look at Future Performance
Projected Price Range for AVGO Stock by December 2024
Benefiting from the ongoing artificial intelligence (AI) rally, Broadcom (NASDAQ: AVGO) stock recently underwent a 10-for-1 stock split, prompting speculation on its performance by December 31, 2024. As of August 19, AVGO stock has experienced sizable gains, with a price increase of 50.28% since January 1. Despite this progress, a recent trading session concluded with a slight drop, setting the price at $163.11.
AI's Predictive Capabilities for AVGO Stock
The well-known AI platform, ChatGPT-4o, projects that AVGO stock will finish 2024 between $175 and $185, fueled by the anticipated completion of the VMware acquisition and strong year-to-date performance. Competing AI models, like Gemini from Alphabet, suggest an even more bullish estimate, indicating AI as the primary stock performance driver.
Market Insights from Different AI Models
- Gemini: Predicts a higher price range, emphasizing the impact of AI on Broadcom's future.
- Copilot's stance is more cautious, anticipating a range of $170-$180, acknowledging historical volatility.
With all AI models suggesting a minimum 10% increase from the current price, optimism prevails about AVGO stock's upcoming performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.