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%.

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Source Fool.com