Broadcom Rises 106% in a Year: Buy, Sell or Hold the AVGO Stock?

Key Takeaways Broadcom's AI revenues jumped 63% as XPUs drove 65% of the total in fiscal Q3.The company secured over $10B in AI rack orders and posted a $110B consolidated backlog. Broadcom sees Q4 semiconductor sales up 30% and software revenues rising 15% year over year. Broadcom (AVGO) shares have surged 106.3% in the trailing 12-month period, outperforming the Zacks Electronics – Semiconductors industry’s return of 71.4% and the broader Zacks Computer and Technology sector’s appreciation of 30.7%. AVGO ...