Broadcom's Stock Split Isn't a Reason to Buy Shares: These 2 Reasons Are

Broadcom announced a 10-for-1 stock split in conjunction with its earnings, where it showed off two hyper-growth product segments.On its recent earnings call, tech giant Broadcom (AVGO 3.34%) disclosed it would be splitting its stock 10-for-1 on July 12. Given that Broadcom's stock surged over 12% to $1,700 per share the day after its report, one could perhaps say a stock split was overdue. Of note, Broadcom's stock split won't change the value of the company itself, which currently sits around $780 billion ...