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
€369.75
1.370%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 404 € there is a slightly positive potential of 9.26% for Broadcom Ltd. compared to the current price of 369.75 €.
