Broadcom Stock Just Scored a New Bullish Rating. Here's Why.
Broadcom booked more than $30 billion in AI orders and kept a $100 billion fiscal 2027 sales goal, but shares fell on valuation concerns.
7 Articles
7 Articles
Broadcom stock is rising today as AI financing and analyst optimism fuel rebound
Broadcom AVGO stock rose more than 1% on Friday even as semiconductor shares broadly weakened, with the Philadelphia Semiconductor Index down about 1%. The move comes after a difficult week for Broadcom, which fell sharply after Marvell Technology announced an agreement to help Google develop custom artificial intelligence chips. The deal also gave Alphabet an option to acquire as much as $12.2 billion of Marvell shares. The development raised c…
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