Why Broadcom Stock Was Climbing Today
Shares of Broadcom (NASDAQ: AVGO) were moving higher today on reports that it was teaming up with Apple (NASDAQ: AAPL) on an artificial intelligence (AI) chip.
The move could accelerate Broadcom's growth in a sector dominated by Nvidia thus far and strengthens its relationship with Apple, the world's largest consumer electronics company.
As of 10:21 a.m. ET, Broadcom stock was up 4.9% on the news.
Source Fool.com
Broadcom Ltd. Aktie
337,80 €
0,49 %
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