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Broadcom stock closes up 24%, pushing company past $1 trillion market cap for the first time - TL;DR CNBC

Broadcom stock closes up 24%, pushing company past $1 trillion market cap for the first time

Publishing timestamp: 2024-12-13 16:02:57


Summary

Broadcom's market cap surpasses $1 trillion for the first time after reporting strong fourth-quarter results, with a 51% increase in revenue and a 220% jump in artificial intelligence revenue for the year. Analysts are optimistic about the company's future in the AI semiconductor market.


Sentiment: POSITIVE

Tickers: AVGONVDA

Keywords: nvidia corpinternettechnologybroadcom incbusiness newsenterpriseearningsbreaking news: technology

Source: https://www.cnbc.com/2024/12/13/broadcom-stock-jumps-21percent-pushing-company-past-1-trillion-market-cap-for-the-first-time.html


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