Broadcom Stock Nabs Record High After Earnings

The shares of Broadcom Inc (NASDAQ:AVGO) are up 11.1% to trade at $340.21 at last glance, after the semiconductor giant announced a fiscal third-quarter top- and bottom-line win. The company also revealed a new, unnamed new client ordered $10 billion in custom chips, which analysts suspect is OpenAI. Analysts doled out at least 19 price-target hikes in response, including one from Melius Research to $415 from $335. Brokerages already lean bullish on AVGO, with 34 of 37 in coverage sporting "buy" or better r ...