Broadcom Inc. (NASDAQ:AVGO) is one of the Best Stocks to Buy Now for High Returns.
Broadcom Inc. (NASDAQ:AVGO) maintains its upward trajectory with more than 7.8% gains over the past month
Recent gains have been driven by a multi-year partnership extension with Apple and surging AI semiconductor demand. Wall Street anticipates more than 30% upside over the next 12-months, driven by accelerating custom ASIC revenue. Recently, on July 8, Reuters reported that Apple plans to spend more than $30 billion under a multi-year chip supply deal with Broadcom.
This move comes as the Trump administration pushes for expanded domestic chip manufacturing. The report noted that the deal, which was finalized earlier this week, will run through 2031. It covers FBAR filters, which are radio-frequency chips used for wireless connectivity in Apple devices.