Broadcom stock hits record high on positive guidance, CEO …

Dec 12, 2024 · Broadcom surged more than 15% to hit an indicated record high of over $207. Gains in the stock spilled over into other chipmakers, with NVIDIA Corporation (NASDAQ: NVDA ) and AMD (NASDAQ: AMD ...

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Broadcom Stock Hits Record High On Positive Guidance, CEO …

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Broadcom Stock Hits Record High On Positive Guidance, CEO …

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Dec 13, 2024 · Broadcom surged more than 15% to hit an indicated record high of over $207. Gains in the stock spilled over into other chipmakers, with NVIDIA Corporation (NASDAQ: …

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Broadcom Stock Surges 25%, Hits $1 Trillion Market Cap On AI …

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Dec 13, 2024 · Driven mostly by its AI division, Broadcom reported $14.05 billion in sales for the quarter, a notable year-over-year gain. According to the corporation, income connected to …

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Broadcom Stock Hits Record High On Positive Guidance, CEO …

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Broadcom Inc (NASDAQ:AVGO) hit a record high, soaring over 15% after hours, fueled by strong AI-driven revenue projections and better-than-expected profits. CEO Hock Tan highlighted a …

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Broadcom Surpasses $1 Trillion In Market Cap For First Time After …

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Broadcom shares were up 22% at $220.88 in Friday trading, which put the company’s market cap above $1 trillion for the first time. The stock is on pace for the largest one-day gain on record ...

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Broadcom Stock Hits Record High On Positive Guidance, CEO …

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Dec 13, 2024 · Broadcom surged more than 15% to hit an indicated record high of over $207. Gains in the stock spilled over into other chipmakers, with NVIDIA Corporation (NASDAQ: …

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Broadcom Joins Trillion-Dollar Club Driving Marvell ... - Stocktwits

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Dec 13, 2024 · The stock popped over 7% to hit a record high of $90.86 in morning trade on Friday. However, some users still have concerns that the stock’s price is held up on guidance …

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Broadcom Stock Surges 25%, Hits $1 Trillion Market Cap On AI Gro

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Dec 13, 2024 · Apart from the stellar results, which beat analyst estimates handsomely, AVGO also unveiled guidance that the Street appreciated, sending the stock northward; last changing …

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Broadcom Hits $1 Trillion. Can It Continue Its Rally In 2025?

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Jan 1, 2025 · The stock market has seen multiple companies hit the $1 trillion mark in valuation in the past few years, the latest one being semiconductor company Broadcom (AVGO-0.49%). …

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Broadcom: Mizuho, Rosenblatt Hike Price Targets On Positive AI …

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Dec 13, 2024 · Broadcom’s stock hit a record high of over $207 in aftermarket trade. Mizuho said it saw a good roadmap for Broadcom, and that it was likely to outpace its peers in rolling out …

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FAQs about Broadcom stock hits record high on positive guidance, CEO … Coupon?

What happened to Broadcom?

Broadcom surged more than 15% to hit an indicated record high of over $207. Gains in the stock spilled over into other chipmakers, with NVIDIA Corporation (NASDAQ: NVDA) and AMD (NASDAQ: AMD) rising 1.1% and 0.7%, respectively. Broadcom clocked a stronger-than-expected profit for the quarter to November 30. ...

Why did Broadcom gain 15%?

Broadcom’s gains were also driven by positive comments by CEO Hock Tan during the earnings call, as Tan highlighted increased tailwinds from the artificial intelligence industry. Broadcom surged more than 15% to hit an indicated record high of over $207. ...

Why did Broadcom raise its dividend?

The firm also hiked its quarterly dividend by 11% to 59 cents. A bulk of Broadcom’s gains came after CEO Tan flagged increasing revenues from the AI industry. Tan said the company expects revenues of between $60 billion to $90 billion from AI by 2027, an exponential jump from current levels. ...

How did Broadcom's earnings announcement Impact the stock market?

The strong earnings announcement set off over a 20% increase in Broadcom's stock price, thereby driving the company's market value past $1 trillion. To reach this value, Broadcom is among a small handful of U.S. companiesincluding Apple (AAPL, Financials) and Nvidia (NVDA, Financials). ...

How much AI will Broadcom make by 2027?

He forecast AI revenues of more than $50 billion by 2027- a significant jump from current levels. Broadcom’s stock hit a record high of over $207 in aftermarket trade. Mizuho said it saw a good roadmap for Broadcom, and that it was likely to outpace its peers in rolling out advanced AI network chips. ...

Why is Broadcom stock soaring in December?

Strong demand for artificial intelligence (AI) products sent shares of Broadcom soaring in December. The company sees a lot of demand as hyperscalers continue to invest heavily into AI. Broadcom's stock is trading around all-time highs as it enters the new year. ...