Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Broadcom Stock Popped Today

TheMotleyFool

0 0

Shares of Broadcom (NASDAQ: AVGO) were rising today after an analyst released a positive investor note about the company's stock. Broadcom's stock price may also be benefiting from investors' increasingly optimistic view of the semiconductor space.

The tech stock was up by as much as 7.5% today and had gained 3.9% as of 3:19 p.m. ET.

Piper Sandler analyst Harsh Kumar reiterated his overweight rating on Broadcom stock today, with a $750 price target, and said that this year's semiconductor trends in cloud computing and hyperscale computing could be good for the company.

Source Fool.com

Like: 0

AVGO

Share