Why Broadcom Stock Rallied on Thursday
Shares of (NASDAQ: AVGO) climbed on Thursday, gaining as much as 5.9%. As of 1:16 p.m. ET, the stock was still up 3.5%, despite a general market downtrend.
The catalyst that sent the semiconductor specialist higher was robust results fueled by strong demand for its artificial intelligence (AI) hardware.
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Source Fool.com
Broadcom Ltd. Stock
€285.15
1.140%
The stock is one of the favorites of our community with 91 Buy predictions and 1 Sell predictions.
As a result the target price of 342 € shows a slightly positive potential of 19.94% compared to the current price of 285.15 € for Broadcom Ltd..
