This Top Tech Stock Is Headed Higher
Broadcom's (NASDAQ: AVGO) stock price jumped 8% following the release of its fiscal 2021 fourth-quarter results earlier this month, as the chipmaker reported impressive growth in revenue and earnings that helped it crush Wall Street estimates.
Investors apparently appreciated Broadcom's plan to return more cash by way of share repurchases and dividends. They also took note of the fact that the company's terrific growth momentum is likely here to stay, as its guidance turned out to be substantially better than expectations.
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Source Fool.com
