Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Best Data Center Stocks To Buy For the Long Term. The stock posted a 133.04% increment from a year ago, and a 14.63% year-to-date growth. As of writing, AVGO’s stock has jumped 28 percent in April alone, marking the company’s third-best monthly performance since it went public in 2009. The stellar performance is driven by the company’s recent AI-related deals.
Last week, AI safety and research firm Anthropic said it has partnered with Broadcom and Google for multiple gigawatts of next-generation Tensor Processing Unit (TPU) capacity, expected to come online starting 2027.
Anthropic said significant expansion of its compute infrastructure will power its frontier Claude models and help it serve extraordinary demand from customers worldwide.
Krishna Rao, CFO of Anthropic, CFO Krishna Rao said:
“This groundbreaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure: we are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development,”
Meanwhile, Broadcom also recently announced the launch of its Arcot Smart Ruleset, an adaptive 3-D Secure (3DS) ruleset engine powered by machine learning. It explained that the ruleset replaces manual fraud rule-writing with optimized fraud logic that continuously learns from evolving threats while updating to the latest compliance and regulatory requirements.
Broadcom Vice President and Payment Security General Manager Matt Cooke emphasized that automated fraud detection is currently a multi-million dollar differentiator for top issuers. He added:
“The Arcot Smart Ruleset is replacing manual logic with precision decisioning. By arming financial institutions with adaptive intelligence for an evolving threat landscape, it also frees fraud teams from tedious manual rule-writing so they can focus on higher value activities such as investigations and fraud strategy.”
Broadcom Inc. (NASDAQ:AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology at scale.
While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 Best Military Drone Stocks to Buy Right Now and 10 Best Internet Content and Information Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
Hedge Fund Resource Center