AVGO Stock Recent News

Broadcom (NASDAQ:AVGO) stock is up nearly 45% in the last six months, significantly outperforming the broader Nasdaq index, down 1%. This strong performance is largely due to the company's rising sales, up 40% in the last twelve months.

Artificial intelligence (AI) is already permeating many industries, transforming customer service, data analysis, financial services, and much more. Two AI companies that have caught the attention of many investors lately are conversational AI company SoundHound AI (SOUN 0.42%) and semiconductor company Broadcom (AVGO -0.62%).

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Meta Platforms and Broadcom have new, lower buy points as the market pullback allowed the AI giants to forge handles last week.

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The stock market closed mixed Thursday after the House's passage of the Trump tax bill. Amazon, Broadcom and Meta are near buy points.

The Zacks Electronics - Semiconductors industry players like AVGO, LRCX and PI gain from the growing proliferation of AI, ML and consumer electronic devices.

Broadcom NASDAQ: AVGO is one of just 10 stocks globally with a market cap over $1 trillion as of May 21. This makes it one of the most closely watched stocks in the market.

In today's video, I discuss recent updates affecting Nvidia (NVDA 0.87%) and Broadcom (AVGO 0.12%). To learn more, check out the short video, consider subscribing, and click the special offer link below.