Why AI Stock Broadcom Was Rising on Monday
(NASDAQ: AVGO), the specialty chip company that's at the forefront of the artificial intelligence (AI) revolution, was outpacing many other companies on the stock market Monday. Its shares were trading nearly 3% higher in late-session activity thanks in no small part to inclusion on an elite list compiled by a researcher. By contrast, the S 500 index was only up by 1.3% at that point.
That morning, UBS selected 15 out of 85 stocks filtered by its proprietary screener to be top picks. Specifically, it feels that such picks are in the upper 25% of companies in their peer group in terms of growth and the quality of their operations.
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Source Fool.com
Broadcom Ltd. Stock
€275.65
-0.270%
The stock is one of the favorites of our community with 89 Buy predictions and 1 Sell predictions.
As a result the target price of 318 € shows a slightly positive potential of 15.36% compared to the current price of 275.65 € for Broadcom Ltd..
