Why Broadcom Stock Soared 44% in December
Shares of the semiconductor company (NASDAQ: AVGO) soared last month after the company's fourth-quarter financial results surpassed Wall Street's expectations. Broadcom is a leader in application-specific integrated circuits (ASICs) used in artificial intelligence (AI) data center infrastructure. That's just the long way of saying its chips are used for AI processing.
Broadcom's shares jumped by 43% in December, according to data provided by S&P Global Market Intelligence, as investors cheered the company's top- and bottom-line results in the quarter.
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Source Fool.com
Broadcom Ltd. Stock
€280.40
0.940%
The stock is one of the favorites of our community with 95 Buy predictions and 2 Sell predictions.
As a result the target price of 300 € shows a slightly positive potential of 6.99% compared to the current price of 280.4 € for Broadcom Ltd..
