Broadcom’s AI Revenue Is Tripling, but the Stock Has Lagged. Is It Time to Load Up?
Broadcom Inc. (NASDAQ:AVGO) shares jumped 3.7% on October 6, building on gains from earlier in the month. The push came from Marvell’s investor day. Its CEO said big cloud companies are leaning more on custom AI chips, which is exactly what Broadcom sells. On October 1, Reuters also reported that Broadcom agreed to lend Anthropic […]
Broadcom Inc. (NASDAQ:AVGO) shares jumped 3.7% on October 6, building on gains from earlier in the month. The push came from Marvell’s investor day. Its CEO said big cloud companies are leaning more on custom AI chips, which is exactly what Broadcom sells. On October 1, Reuters also reported that Broadcom agreed to lend Anthropic […]
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