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.
18 Articles
18 Articles
Broadcom New $10 Billion Share Repurchase Program
Broadcom, Inc. announced that its Board of Directors has authorized a new share repurchase program to repurchase up to $10 billion of its common stock through December 31, 2025. “Today’s announcement of a $10 billion share repurchase program reflects the Board’s confidence in the strength of Broadcom’s diversified semiconductor and infrastructure software product franchises. In […] The post Broadcom New $10 Billion Share Repurchase Program appea…
Time to dump Broadcom? China’s retaliation could hit chip demand
Broadcom Inc (NASDAQ: AVGO) continues to struggle as China vowed “resolute and forceful” measures after the US raised its tariffs further on imports from Asia’s largest economy to more than 100%.Escalating Sino-US trade tensions are meaningful for AVGO as it currently generates some 20% of its overall revenue from Beijing.Still, there’s reason to load up on Broadcom stock that’s now down more than 35% versus its year-to-date high.Broadcom stock …
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