Why Broadcom Stock Popped on Monday
Shares of semiconductor company Broadcom (NASDAQ: AVGO) jumped 3.9% through 1:45 p.m. ET Monday on some positive AI news.
According to a report published by The Information late Friday, (NASDAQ: MSFT) -- which has been having Marvell Technology (NASDAQ: MRVL) build its custom-designed artificial intelligence chips -- is now looking to shop this business to Broadcom instead.
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Source Fool.com
Broadcom Ltd. Stock
€270.75
-2.290%
The stock is one of the favorites of our community with 93 Buy predictions and 2 Sell predictions.
As a result the target price of 304 € shows a slightly positive potential of 12.28% compared to the current price of 270.75 € for Broadcom Ltd..
