Broadcom (AVGO) Stock Surges as Latest Winner in AI Frenzy

Broadcom (NASDAQ:AVGO) stock is climbing about 15% to a new all-time high and trending on social media and business news websites. This comes after the semiconductor maker reported that it expects its revenue from artificial intelligence (AI) chips to come in above its previous outlook. The tech giant also announced a 10-for-1 split of AVGO stock. Broadcom’s Beat-and-Raise ResultsThe chipmaker’s top line soared 43% versus the same period a year earlier to $12.49 billion. Analysts, on average, had expected i ...