Reported about 7 hours ago
Broadcom Inc. (NASDAQ:AVGO) has achieved another all-time high as shares surged due to positive investor sentiment surrounding its potential to generate $120 billion in AI revenue by 2030. The stock peaked at $372.97 before closing at $369.57, marking a 9.77% increase. This optimism follows the company's announcement regarding performance stock units (PSUs) granted to CEO Hock Tan, which are tied to meeting specific AI revenue targets. In its latest fiscal results, Broadcom reported significant growth in AI revenues, indicating a strong upward trajectory.
Source: YAHOO