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.
Image source: Getty Images.
Source Fool.com
Broadcom Ltd. Stock
€340.90
0.830%
With 86 Buy predictions and 1 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 377 € there is a slightly positive potential of 10.59% for Broadcom Ltd. compared to the current price of 340.9 €.
