Why Broadcom Stock Was Climbing Again Today

Shares of Broadcom (NASDAQ: AVGO), the semiconductor company known for networking and infrastructure solutions, were moving higher again today. This followed gains from a better-than-expected earnings report, the closure of its acquisition of VMware, and an analyst upgrade yesterday.

Today, the stock was gaining on news of a new partnership with Caltech. As a result, the stock was up 3.5% as of 1:30 p.m. ET.

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Source Fool.com