Broadcom stock rises on $10B buyback plan

00:00 Speaker A

Broadcom has announced its authorized a new share repurchase program. It’s up to $10 billion of its common stock through December 31st. According to the company, repurchases under that new program may be made through a variety of methods. Um, and so the shares are getting a little bit of a pop here in the after hours. Um, and this is, you know, it’s not only this, um, share buyback authorization, it is also a message that it is sending to the market here. Um, that maybe…