Broadcom Inc AVGO shares are trading higher Tuesday after the company authorized a $10 billion share repurchase program.
What Happened: Broadcom’s board authorized a new buyback program, allowing the company to repurchase up to $10 billion of its common stock by Dec. 31, 2025.
Broadcom said the repurchase authorization reflects the board’s confidence in the company’s diversified businesses and strong cash flow generation.
“Today’s announcement of a $10 billion share repurchase…
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https://www.benzinga.com/25/04/44685422/broadcom-shares-are-trading-higher-tuesday-whats-going-on
