Here's Why Broadcom Stock Rose 44% in the First Half of 2024
Broadcom(AVGO) The Motley Fool·2024-07-17 18:47AI is fueling demand for this semiconductor stock.Shares of Broadcom (AVGO -7.40%) climbed 43.8% in the first six months of the year, according to data provided by S&P Global Market Intelligence. Investors reacted to strong quarterly earnings driven by demand for hardware supporting artificial intelligence (AI) applications. That trend lifted several semiconductor stocks during the first half of 2024. Investors also seemed pleased with Broadcom's stock split, which was announced in June.Broadcom helped to l ...