In 2023, Broadcom shares doubled in price. So far in 2024, the stock is up 10%. (Photo Illustration … [+]
SOPA Images/LightRocket via Getty ImagesShares of Broadcom (AVGO) this week hit a new record high of $1,284 as investors applaud the chipmaker’s more diversified revenue stream following the recently completed $61-billion acquisition of cloud-software giant VMware and eye new growth opportunities in AI.
Going forward,…