Why Broadcom Stock Popped on Monday
Shares of semiconductor company Broadcom (NASDAQ: AVGO) jumped 3.9% through 1:45 p.m. ET Monday on some positive AI news.
According to a report published by The Information late Friday, (NASDAQ: MSFT) -- which has been having Marvell Technology (NASDAQ: MRVL) build its custom-designed artificial intelligence chips -- is now looking to shop this business to Broadcom instead.
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Source Fool.com
Broadcom Ltd. Stock
€296.65
-0.500%
With 94 Buy predictions and 1 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 342 € there is a slightly positive potential of 15.29% for Broadcom Ltd. compared to the current price of 296.65 €.
