Why Broadcom’s Stock Hit An All-Time High: Analysis
Broadcom’s stock reached an all-time high this week at $256 per share. From data center chip traction to recent quarterly earnings results, here are some of the main reasons why Broadcom stock is soaring.
Broadcom’s stock (AVGO) reached a record high of more than $256 per share Thursday, trading up 75 percent compared with just two months ago, as the tech giant now has a $1.2 trillion market cap.
In early April, Broadcom’s stock was trading at $146 per share compared with $253 per share as of Friday morning. There are several key reasons why the San Jose, Calif.-based tech giant is gaining so much investor…
