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Stock impact report

Why Broadcom Stock Topped the Market on Friday [Yahoo! Finance]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: Yahoo! Finance
10 stocks we like better than Broadcom › Investor sentiment on tech stocks drove many of those titles higher on Friday. This included Broadcom (NASDAQ: AVGO) , whose profile has risen thanks to its cutting-edge artificial intelligence (AI) chips. The company was swept up in the bullish trend, which was bolstered by an analyst's price target raise on its stock. The raiser was Truist Securities's William Stein, who made an upward adjustment to his Broadcom target to $510 per share; previously, his price tag was $500. In making the change, he maintained his buy recommendation on the company. Stein acknowledged the concern many investors have expressed about the significant resource and capital needs of AI, according to reports. Yet he feels certain AI-associated stocks remain inexpensive relative to their powerful growth potential, and Broadcom is one of those bargains. The pundit wrote that, despite the challenges of building out the technology, AI investment will continue to m Show less Read more
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