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Benzinga
Benzinga
Business
Anusuya Lahiri

Why Is Broadcom Stock Surging Thursday?

Timisoara,,Romania,-,April,05,,2020:,Close-up,Of,A,Broadcom

Broadcom (NASDAQ:AVGO) capitalized on Wall Street’s artificial intelligence boom Thursday, fueled by billions in chip investments from Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), and other technology giants.

Broadcom has emerged as one of the biggest beneficiaries of the generative AI boom, carving out a strategic niche in the rapidly evolving chip market.

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