Broadcom and market capitalisation

Market capitalisation:

- Broadcom $AVGO reached a market capitalization of $839 billion

- The company is just behind Berkshire Hathaway in the market value rankings

Growth in June:

- Broadcom saw a 35% increase in market capitalization for June

- Growth was driven by increased demand for AI technologies

Morgan Stanley assessment:

- Morgan Stanley rated Broadcom "overweight"

- The rating followed the successful acquisition of VMware

Potential to replace Tesla:

- Broadcom $AVGO could replace Tesla in the "magnificent seven" group of tech giants

- Reason: significant growth and strong position in the AI technology market