Broadcom (AVGO) Jumps 5%, AI Stocks Bounce Back: $250 Next?

Broadco (AVGO) is up 5% Wednesday, as AI stocks rebound from a recent slump. After struggling over the past week, large artificial intelligence stocks were in the green today, ahead of Nvidia’s earnings report. A positive report by the leading AI stock expected to leak into other top AI stocks, including AVGO and CRWD.

Broadcom has benefited from the ongoing AI surge, with the company’s artificial intelligence revenue spiking 220% in 2024 to $12.2 billion. On Broadcom’s recent earnings…