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Why Broadcom Stock Was Climbing Today

TheMotleyFool 
0 0 11.12.24
Why Broadcom Stock Was Climbing TodayPhoto, 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 Broadcom (NASDAQ: AVGO) were moving higher today on reports that it was teaming up with Apple (NASDAQ: AAPL) on an artificial intelligence (AI) chip.

The move could accelerate Broadcom's growth in a sector dominated by Nvidia thus far and strengthens its relationship with Apple, the world's largest consumer electronics company.

As of 10:21 a.m. ET, Broadcom stock was up 4.9% on the news.

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Source Fool.com

Broadcom Ltd. Stock

€337.80
0.490%
Broadcom Ltd. gained 0.490% compared to yesterday.
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..
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