Is Broadcom (AVGO) One of the Best NASDAQ Stocks to Buy and Hold for 3 Years?

5 hours ago 1

Noor Ul Ain Rehman

Tue, June 9, 2026 astatine 12:24 PM CDT 2 min read

Broadcom Inc. (NASDAQ:AVGO) is 1 of the champion NASDAQ stocks to bargain and clasp for 3 years. Broadcom Inc. (NASDAQ:AVGO) received a standing update from Benchmark connected June 4. The steadfast lifted the terms people connected the banal to $545 from $485 and maintained a Buy standing connected the shares, stating that shares sold disconnected by astir 13% after-hours contempt grounds Q2 results, a 4c EPS beat, and Q3 gross guidance $1.15B supra consensus. The steadfast blames this connected the marketplace "measuring the study against an elevated AI semiconductor barroom alternatively than published estimates".

Broadcom (AVGO) - Among Billionaire Ken Fisher's Top 11 Dividend Stock Picks

According to Benchmark, a further contributor to the stock's weakness was management's nationalist acknowledgment that Google, which is Broadcom Inc.'s (NASDAQ:AVGO) largest TPU customer, is expected to diversify its TPU supplier basal arsenic its ain AI compute depletion expands. However, contempt that, the steadfast besides believes that this supplier-diversification to MediaTek contented has go "widely expected and understood by manufacture followers".

Broadcom Inc. (NASDAQ:AVGO) is simply a starring multinational exertion institution specializing successful semiconductor and infrastructure bundle products. Its semiconductor and semiconductor-based solutions service markets crossed networking connectivity, broadband, servers and retention systems, wireless instrumentality connectivity, and industrial. The company's infrastructure bundle solutions service markets including cybersecurity, backstage cloud, mainframe software, endeavor software, and Fibre Channel retention country web management.

While we admit the imaginable of AVGO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 15 Stocks That Will Make You Rich successful 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey connected Google News.

Read Entire Article