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Is Broadcom Stock Going to $2,150 in the Wake of Its 10-for-1 Stock Split Announcement? 1 Wall Street Analyst Thinks So
AVGOBroadcom(AVGO) The Motley Fool·2024-06-25 08:15

Wall Street analysts are increasingly bullish on Broadcom ahead of its high-profile stock split.It's abundantly clear that the advent of generative AI early last year has had a pronounced effect on technology, and one of the clear beneficiaries is Broadcom (AVGO -3.70%). The company supplies semiconductors and other data center equipment that helps form the backbone of AI. The stock has been on fire, and has nearly doubled since this time last year, leading to a much-ballyhooed stock split.The company's str ...