Broadcom (AVGO) Up 42.1% in 2024: Is it Worth Watching?

Since its inception, Broadcom Inc. (AVGO) has provided generous returns to its shareholders. The company provides various services and is a market leader in data centers and AI Ethernet switching. Its stock has gone up this year mainly on AI-optimism.Over the last decade, Broadcom has expanded appreciably. In 2016, Singapore-based Avago Tech acquired Broadcom for $37 billion and took on the Broadcom brand name. Since 2018, the company has expanded by acquiring CA Technologies for $19 billion, Symantec’s ent ...