Broadcom Stock Rises After Double Beat, Strong Q2 Guidance, $10B Buyback

Broadcom Inc. (NASDAQ:AVGO) shares are trading higher Thursday after the company reported better-than-expected first-quarter financial results on Wednesday after the market closed. Also, the company issued second-quarter sales guidance above estimates and announced a new $10 billion share repurchase program.Broadcom stock is charging ahead with explosive momentum. What’s fueling AVGO momentum?Broadcom Posts Double Beat As AI Demand SurgesBroadcom reported adjusted earnings per share of $2.05, beating the co ...