Why Broadcom Stock Surged 21% Higher in June
Broadcom(AVGO) The Motley Fool·2024-07-02 04:39The semiconductor specialist rode the wave of artificial intelligence (AI) to new heights.Shares of Broadcom (AVGO 2.20%) were off to the races last month, soaring 21% in June, according to data from S&P Global Market Intelligence.The semiconductor specialist delivered robust financial results and made an announcement that boosted investor sentiment.A beat and raise courtesy of the AI revolutionEarly last month, Broadcom kicked off the festivities with the results of its fiscal second quarter, which ended M ...