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Why Broadcom Stock Rallied on Monday
AVGOBroadcom(AVGO) The Motley Fool·2024-06-17 16:31

Sentiment on Wall Street is rising for the semiconductor and networking specialist ahead of its 10-for-1 stock split.Shares of Broadcom (AVGO 4.24%) surged higher today to kick off the week, jumping as much as 4.9%. As of 11:51 a.m. ET on Monday, the stock was still up 3.67%.The catalyst that sent the artificial intelligence (AI) specialist higher was growing bullishness on Wall Street ahead of its high-profile stock split.A lot to likeLast week, Broadcom released robust financial results and announced a st ...