Why Broadcom Stock Was Climbing Today
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.
Source Fool.com
Broadcom Ltd. Stock
€322.85
-0.150%
The stock is one of the favorites of our community with 87 Buy predictions and 1 Sell predictions.
As a result the target price of 358 € shows a slightly positive potential of 10.89% compared to the current price of 322.85 € for Broadcom Ltd..
