Why Broadcom's stock is this analyst's top chip pick for 2025, with 37% upside
Broadcom's stock bucks Friday's tech-sector declines as a Jefferies analyst highlights rosy pricing and earnings-growth opportunities. Broadcom Inc. could follow up its blockbuster 2024 with another big year of stock gains, according to an analyst who sees the name as his top pick within the chip sector heading into 2025.Jefferies analyst Blayne Curtis is highly upbeat about Broadcom's AVGO ability to see more momentum with its application-specific integrated circuits, which are playing an increasing role in the artificial-intelligence landscape. Broadcom is "uniquely positioned with AI ASICs rapidly growing in complexity and volumes," Curtis explained.Whereas investors once thought ASICs would mostly find use in inference applications, now they're being used more for training. That trend "benefits the higher-end ASIC partners," including Marvell Technology Inc. and Broadcom.See more: Broadcom is having its own 'Nvidia moment' as stock swells further. Average selling prices can move m