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Barchart
Amit Singh

Broadcom Hits New High: Is AVGO Stock Still a Buy?

Broadcom AVGO Semiconductor VMware

Broadcom (AVGO) stock has been on a tear, recently hitting a new all-time high of $310.34 on Aug. 7. The semiconductor and infrastructure software giant has delivered an impressive 107% gain over the past year, with nearly half of that surge occurring in just the past three months. These rapid gains have been primarily driven by explosive growth in its artificial intelligence (AI) semiconductor business. Moreover, the momentum in that business is showing no signs of slowing down.

AI-Driven Demand Accelerates Broadcom’s Growth

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