Broadcom Shares Hit a Record High on Surging Revenue and an Announced Stock Split. Is It Too Late to Buy the Stock?
Broadcom(AVGO) The Motley Fool·2024-06-21 08:40This tech company is benefiting from the AI boom.Share prices of Broadcom (AVGO -3.77%) hit record highs after news came out that revenue surged in the chipmaker's fiscal second quarter and that the company will be executing a stock split. Broadcom's stock price has now more than doubled over the past year.Let's take a look a the company's most recent quarterly results and whether or not it is too late to buy the stock.AI and software lead the way for Broadcom in Q2For fiscal 2024's second quarter (ended Ma ...