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Why Broadcom Stock Popped on Monday

TheMotleyFool 
0 0 08.12.25
Why Broadcom Stock Popped on MondayPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

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.

Image source: Getty Images.

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Source Fool.com

Broadcom Ltd. Stock

€340.20
0.710%
The Broadcom Ltd. stock is trending slightly upwards today, with an increase of €2.40 (0.710%) compared to yesterday's price.
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 16.4% for Broadcom Ltd. compared to the current price of 340.2 €.
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