Why Broadcom Stock Popped on Thursday

Why Broadcom Stock Popped on Thursday

Key PointsAn analyst increased his price target on Broadcom.He believes the opportunity related to Google's TPUs is underappreciated.Broadcom's forecast tells a compelling story. 10 stocks we like better than Broadcom › Shares of Broadcom (NASDAQ: AVGO) charged sharply higher Thursday, climbing as much as 5.5%. As of 11:35 a.m. ET, the stock was still up 5.2%. The catalyst that sent the semiconductor specialist higher was an increased price targ…

As AI Revenue from Chips Swells, Broadcom Is Positioned to Accelerate Growth

Citi raised its price target on Broadcom and is bullish on the company ahead of earnings on June 3.