Why Broadcom (AVGO) Stock Is Trading Up Today : vimarsana.co

Why Broadcom (AVGO) Stock Is Trading Up Today

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 5.7% in the afternoon session after Goldman Sachs analyst Toshiya Hari reiterated a Buy rating and assigned a price target of $1325. The price target implied a potential 10% upside from where shares traded when the rating was reinstated. The optimistic outlook was driven by anticipated robust growth in Broadcom's AI-related businesses, especially in high-speed networking and custom compute segments. The analyst expected a cy

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