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
Keywords: nvidia corp, internet, technology, broadcom inc, business news, enterprise, earnings, breaking news: technology,