Why Broadcom Stock Is Surging Today
Broadcom(AVGO) The Motley Fool·2024-07-31 17:17That AI stock is climbing thanks to good news on multiple fronts.Broadcom (AVGO 10.29%) stock is making big gains in Wednesday's trading. The company's share price was up 10.2% as of 11:45 a.m. ET, according to data from S&P Global Market Intelligence.Broadcom stock is getting a valuation boost thanks to recent earnings reports from Microsoft and Advanced Micro Devices that bode well for artificial intelligence (AI) demand. The semiconductor hardware and software specialist's valuation is also climbing due ...