Broadcom Stock News

AI strength drives Alphabet, Broadcom, and Micron higher, boosting the S&P500 and Nasdaq as traders watch US stocks and holiday-week volatility.

Broadcom stock (NASDAQ: AVGO) jumped 10% on Monday as investors rotated back into AI infrastructure suppliers, encouraged by fresh momentum in custom chip demand and Google's recent AI announcements.

Broadcom‘s stock has increased by 106% in the last year, greatly outshining its competitors amid the AI and data-center surge. But how does this leader in AI infrastructure truly stack up against its elevated valuation?

Semiconductor giant Broadcom NASDAQ: AVGO has lost some of its luster over the past several weeks. Since hitting an all-time high of nearly $386 on Oct. 29, Broadcom shares are down around 10% year-to-date.

Broadcom's custom AI accelerators are capturing market share. Taiwan Semiconductor's chipmaking abilities are powering the AI race.

Amazon is a stone's throw away from becoming a $3 trillion company. Several companies are involved in the artificial intelligence (AI) arms race.

Broadcom (NASDAQ: AVGO) received a fresh vote of confidence after Raymond James initiated coverage with an ‘Outperform' rating and a new price target of $420.

Broadcom Inc. is a leading technology company in semiconductor solutions and infrastructure software, with a $1.6 trillion market cap. Despite AVGO's nearly triple-digit rally, there is still significant upside potential for the stock. AVGO is positioned as an artificial intelligence infrastructure leader, benefiting from strong industry tailwinds.