Broadcom Rises 45% Year to Date: How Should You Play AVGO Stock?

Broadcom (AVGO) shares have surged 44.8% year to date, outperforming the Zacks Computer & Technology sector’s gain of 19.4% and the Zacks Electronics- Semiconductors industry’s 22.7%.AVGO is benefiting from strong demand for its networking products. Broadcom’s solutions are suitable for addressing the needs of an increasing AI workload and the growing need for fast networking in data centers. The acquisition of VMware has benefited Infrastructure software solutions. Broadcom’s expanding clientele, which inc ...