Why Broadcom Soared (Again) Today
Shares of silicon and software giant (NASDAQ: AVGO) surged as much as 10% on Monday, before settling into a 9.5% gain as of 1:15 p.m. ET.
Monday's rally came after a near-25% surge on Friday, the day after the company reported earnings that contained blowout long-term guidance for the company's artificial intelligence (AI) chip business.
It appears as though Broadcom is now seeing a follow-through rally Monday, helped along by a positive Wall Street analyst note.
Source Fool.com
Broadcom Ltd. Stock
€336.40
4.110%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 396 € there is a slightly positive potential of 17.72% for Broadcom Ltd. compared to the current price of 336.4 €.
