Broadcom stock spikes to new yearlong high
Publishing timestamp: 2023-12-11 16:04:29
Summary
Broadcom's shares jumped 9% after Citigroup resumed coverage of the stock with a buy rating and increased its price target. Citigroup believes Broadcom is well-positioned to profit from the artificial intelligence boom, particularly in AI infrastructure sales. Broadcom has partnered with companies like Google and Comcast to design and build chips for AI applications.
Sentiment: POSITIVE
Tickers: AVGO, C, GOOGL, NVDA, CMCSA,
Keywords: broadcom inc, business news, comcast corp, enterprise, alphabet inc, breaking news: technology, citigroup inc, nvidia corp, technology, artificial intelligence, computer hardware,
Source: https://www.cnbc.com/2023/12/11/broadcom-stock-spikes-on-pace-for-best-day-in-a-year.html