Broadcom Beats on Earnings, Announces Stock Split

Semiconductor concern Broadcom Inc (NASDAQ:AVGO) is taking notes from Nvidia (NVDA). After reporting a fiscal second-quarter earnings and revenue beat, the company issued an upbeat annual forecast amid strong artificial intelligence (AI) chip demand and announced a 10-for-1 stock split.  AVGO is up 14.7% to trade at $1,700.65 at last check, after notching a record high of $1,715.74 earlier. No fewer than 14 analysts raised their price objectives in response, including Jefferies to $2,050 from $1,550. The br ...