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Broadcom Stock Jumps On $10 Billion Buyback Authorization - Broadcom (NASDAQ:AVGO)

  • Broadcom announced a new $10 billion share repurchase program.
  • The board authorized this buyback, showing confidence in the company's cash flow.
  • The new program allows Broadcom to repurchase shares until December 31, 2025.
  • CEO Hock Tan stated the repurchase reflects confidence in Broadcom's diversified businesses.
  • Following the announcement, Broadcom's stock price increased in after-hours trading.
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com-unik.info broke the news in on Sunday, April 6, 2025.
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