Why Broadcom Stock Was Climbing Today
Shares of Broadcom (NASDAQ: AVGO), the semiconductor company known for making chips for networking components, broadband, wireless, infrastructure, and data centers, were moving higher today after it got a bullish analyst note ahead of its second-quarter earnings report due on Thursday.
The stock also seemed to benefit from broader tailwinds in tech and AI stocks today.
The stock closed up 3.4% while the gained 1.7%.
Source Fool.com
Broadcom Ltd. Stock
€149.84
-0.320%
With 69 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1382 € there is potential for a 822.32% increase which would mean more than doubling the current price of 149.84 € for Broadcom Ltd..