Without anyone really noticing, a tech titan you've probably never heard of has managed to kick Tesla out of the so-called 'Magnificent Seven' club. Broadcom is a tech company that produces both hardware and software and while it's well-known in the infotech world, many people were surprised to hear that its market cap, currently around $803 billion , is now higher than even Tesla .
com/cUXc5b2nk6 — Broadcom September 27, 2024 Clever acquisitions and apparent good management seem central to Broadcom’s incredible growth, but some analysts believe this alone cannot fully explain the company’s phenomenal growth. However, some have pointed to the recent AI frenzy as an area the company seems to be saddling up with. One of Broadcom’s most important businesses is designing semiconductors - computer chips - and in the past year, demand has been sky-high.
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