AVGO Expands Cloud Portfolio: Should You Buy, Hold or Sell the Stock?

Broadcom (AVGO) shares have returned 43% year to date,  outperforming the Zacks Electronics - Semiconductors industry’s growth of 26.2% in the same time period. The outperformance reflects investors’ confidence in the AVGO stock, considering the company’s sustained focus on enhancing cloud offerings, which is helping it win new clients.Recently, Broadcom launched a new private cloud offering in collaboration with Hitachi Vantara.  The co-engineered solution has been developed by integrating Vantara’s Unifie ...