Broadcom Stock Paces for New Record High With Earnings On Deck
Key Takeaways
- Broadcom shares are on pace to hit another record closing price this week.
- The chipmaker is slated to report quarterly earnings after the closing bell Thursday.
- Broadcom’s share price has surged nearly 30% over the past month.
Shares of Broadcom (AVGO) are trending toward an all-time high closing price for the fourth day in a row as the chipmaker prepares to report quarterly results after the bell.
The stock has climbed each of the past seven trading sessions and hit a record intraday high of $265.43 Wednesday before closing at about $261. Shares traded near $263 mid-Thursday. Broadcom shares have gained nearly 30% in the past month, buoyed by an AI trade revived by Nvidia’s (NVDA) strong results last week.
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