Broadcom (AVGO) Outgains Top 10 as Analysts Say Its Now 'Magnificent 8'
The US stock market has certainly been struggling in recent weeks. However, that changed slightly Wednesday, with the Federal Reserve expected to leave rates unchanged. The day saw Broadcom (AVGO) outperform the top 10 companies by market cap, as one analyst said it was the newest member of the “Magnificent 8.” The company has emerged as one of the most talked-about stocks on the market throughout March. Indeed, the ongoing sell-off that has afflicted competitors like Nvidia (NVDA) has only strengthened its appeal to traders. Now, all eyes are on whether that downturn can help AVGO bridge the gap in the tech space. Source: Victor J. Blue / Bloomberg Also Read: Broadcom (AVGO) and 2 Other Stocks That May Surge in 2025 Broadcom to Create the Mag 8 Stocks? Why AVGO Has Wall Street’s Attention Like much of the tech sector, Broadcom entered 2025 with tremendous potential. Indeed, back in February, analysts were theorizing that AVGO could end up being the latest member of th...