Two AI Stocks to Surpass Apple's Market Value by 2030: Meta and Broadcom

Two AI stocks, Meta Platforms and Broadcom, could surpass Apple's $3.1 trillion market value by 2030, with Meta's stock needing a 13.5% annual return and Broadcom's stock needing an 18% annual return over the next five years. Meta owns popular social media platforms and is successfully using AI to improve consumer engagement and ad targeting. Broadcom dominates the Wi-Fi chipset market and has opportunities in infrastructure software and semiconductor solutions.

Two prominent AI stocks, Meta Platforms (META) and Broadcom (BRCM), are poised to challenge Apple's (AAPL) $3.1 trillion market valuation by 2030. According to industry analysts, Meta's stock needs a 13.5% annual return, while Broadcom's stock requires an 18% annual return over the next five years to achieve this milestone.

Meta, known for its popular social media platforms, is successfully leveraging artificial intelligence (AI) to enhance consumer engagement and ad targeting. The company's second-quarter earnings report highlighted a 22% revenue growth to $47.52 billion, driven by AI investments. Meta's co-founder and CEO Mark Zuckerberg emphasized the company's focus on building out a superintelligence unit, led by Alexandr Wang. Despite a significant increase in capital expenditures, Meta's operating profit margins rose, indicating the positive impact of AI on its business model [1].

Broadcom, on the other hand, dominates the Wi-Fi chipset market and has opportunities in infrastructure software and semiconductor solutions. The company's earnings report showed strong performance, with its stock surging 12% following the announcement. Broadcom's capital expenditures and lease assets are expected to exceed $30 billion this fiscal quarter, benefiting from the increased spending by tech giants like Microsoft and Meta [2].

Both companies are heavily investing in AI infrastructure, which is expected to drive growth and innovation. Meta's AI investments are fueling its top and bottom lines, while Broadcom's focus on AI and semiconductor solutions positions it for significant market opportunities. Analysts believe that these investments will pay off, with Meta and Broadcom potentially surpassing Apple's market valuation by 2030.

References:
[1] https://finance.yahoo.com/news/metas-earnings-blowout-has-destroyed-techs-ai-concern-opening-bid-top-takeaway-181654006.html
[2] https://www.gurufocus.com/news/3022673/meta-and-microsoft-stocks-surge-on-strong-earnings-boosting-amd-and-broadcom