- Broadcom Inc. (AVGO) shares rose 5.37% to $154.14 in Monday’s regular trading and gained another 3% to $158.87 after hours, following the announcement of a $10 billion share repurchase program authorized through December 31, 2025.
- CEO Hock Tan highlighted the program as a sign of confidence in Broadcom’s diversified semiconductor and software franchises, particularly its role in enabling hyperscalers to advance generative AI within their platforms.
- CFO Kirsten Spears emphasized…
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