Like the rest of the stock market, Broadcom (NASDAQ: AVGO) was hit hard by the stock market sell-off. The two-day crash that followed President Donald Trump’s tariffs announcement pushed Broadcom stock down 15%. It’s now down more than 37% from its peak in December.
However, management gave the stock announced a new stock buyback program, authorizing a share repurchase of $10 billion through the end of the year.
Where to invest $1,000 right now? Our analyst team just revealed what they believe…
Article Source
https://www.theglobeandmail.com/investing/markets/stocks/AVGO-Q/pressreleases/31806096/this-ai-stock-just-flashed-a-big-buy-signal/