Why Broadcom Stock Is Soaring Today
(NASDAQ: AVGO) stock is roaring higher in Wednesday trading thanks to some big news in the artificial intelligence (AI) space. The company's share price was up 8.6% as of 3:30 p.m. ET. At the same point in the day's trading, the S 500 was up 0.1%, and the Nasdaq Composite was down 0.3%.
Broadcom's valuation is jumping today after outlined a staggering growth outlook for its cloud infrastructure business. As a leading provider of connectivity chips, other hardware, and related software services, the news is a positive indicator for Broadcom.
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Source Fool.com
Broadcom Ltd. Stock
€336.30
-0.030%
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 17.75% for Broadcom Ltd. compared to the current price of 336.3 €.
