Broadcom (AVGO) Nears Record High as AI Optimism Builds Ahead of Earnings

Broadcom (AVGO, Financials) is on the verge of a new all-time high; shares rose 2.5% Tuesday to $254.90 in midday trading, driven by optimism ahead of the company’s quarterly earnings due Thursday afternoon. If the stock closes above $255.21, it would mark the company’s first new record since December 2024 and push its valuation past $1.2 trillion for the first time, according to Dow Jones Market Data.

Investors are zeroing in on Broadcom’s position in the AI ecosystem; the…