Why Broadcom Stock Popped on Tuesday
Shares of (NASDAQ: AVGO) climbed on Tuesday, rising as much as 4.1%. As of 2:43 p.m. ET, the stock was still up 3.7%.
While there was no company-specific news driving the gains, the catalyst that sent the semiconductor specialist higher was robust results from another key player in artificial intelligence (AI) -- Palantir Technologies (NASDAQ: PLTR).
Image source: The Motley Fool.
Source Fool.com
Broadcom Ltd. Stock
€337.80
0.490%
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 396 € shows a slightly positive potential of 17.23% compared to the current price of 337.8 € for Broadcom Ltd..
