Broadcom’s (AVGO) position in the booming 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) market helped seꦰnd shares to a fresh aﷺll-time high on Thursday.

The stock, which is on pace to close at a record high for a fourth straight day, got a boost from positive analysts’ comments following the company’s blowout 澳洲幸运5开奖号码历史查询:sales report and 10-for-1 澳洲幸运5开奖号码历史查询:stock split announcement Wednesday. 

BofA Analysts Call Broadcom 'Top 2 AI Pick' on Custom Chips

Bank of America raised its price target to $2,000 from $1,680, calling Broadcom its “top 2 AI pick” on custom AI chips. The analysts also suggested the company could “join the trillionaires club” in 澳洲幸运5开奖号码历史查询:market capitalization along with Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), and Nvidia (NVDA).

Goldman Sachs also boosted its price target, to $1,850 from $1,550, arguing that along with Nvidia, it views "Broadcom as a critical piece to the ongoing AI infrastructure build-out.” It said it sees the share price outperforming estimates.

Mizuho also increased its price target on the stock, to $1,900 from $1,625.

Shares of Broadcom surged 13.1% to $1,691.06 as of noon ET Thursday after earlier touching an all-time high $1,735.85. They have risen more than 50% this year.