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Benzinga
Benzinga
Business
Henry Khederian

Why Broadcom (AVGO) Stock Hit A New 52-Week High Today

Sunnyvale,,Ca - usa,-,March,1,,2014:,Broadcom,Facility,In,Silicon

Broadcom Inc (NASDAQ:AVGO) shares are climbing Tuesday afternoon, hitting a new 52-week high, as part of a broad rally across the artificial intelligence chip sector. Here’s what investors need to know.

What To Know: The surge was fueled by two major catalysts, beginning with reports of the Trump administration’s plan to unveil a $70 billion investment in AI and energy.

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