Why Broadcom Stock Jumped 15% in April

• Broadcom announced a $10 billion share buyback program.

• Its diversification seems to give it an edge over other chip stocks.

• Its artificial intelligence business is picking up steam.

Shares of Broadcom (NASDAQ: AVGO) were bucking the broader trend in the market last month as a well-timed buyback announcement, generally positive analyst research, and a new product announcement lifted the stock.

According to data from S&P Global Market Intelligence, the stock finished the month…