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Forget the Stock Split -- These Are the 4 Reasons to Buy Broadcom's Stock Now
AVGOBroadcom(AVGO) The Motley Fool·2024-06-23 10:49

The diversified tech giant is still a great long-term investment.Broadcom (AVGO -4.38%) recently announced a 10-for-1 stock split, which will take effect after the market closes on July 12. That upcoming split will reduce its trading price from about $1,700 (as of this writing) to $170. A split merely carves a single share into smaller slices, so Broadcom's underlying valuations will remain the same.It also won't make its stock more affordable, since most brokerages already allow investors to purchase fract ...