Why Broadcom Stock Ticked Higher on Monday

Broadcom (NASDAQ: AVGO) stock was a winner on a fairly forgettable Monday for the market. During a session when the benchmark S&P 500 index could only eke out a less than 0.1% gain, Broadcom added nearly 1% to its share price. The company largely has a new research report to thank for that.

Before market open, Mizuho Securities published an update on a select group of stocks involved in the market for artificial intelligence (AI) server products. It timed this to coincide with…