Broadcom Stock Just Broke Through Key Resistance Levels. How Much Higher Can AVGO Run?

Broadcom (AVGO) stock extended gains on Thursday after the semiconductor firm said its artificial intelligence (AI) sales more than doubled in Q1, adding AI revenue will surpass $100 billion by 2027. The post-earnings surge helped AVGO soar past its major moving averages (20-day, 50-day, 200-day), indicating bulls have firmly taken control across multiple timeframes. Despite today’s rally, Broadcom stock remains down about 5% versus its year-to-date high. More News from Barchart www.barchart.com Goldm ...