Shares of Broadcom (AVGO 8.64%) were climbing today after the diversified chip stock posted better-than-expected results in its fiscal first-quarter earnings report.
As of 10:19 a.m. ET, the stock was up 3.6% on the news.
Image source: Getty Images.
Broadcom brings good news on the AI front
Broadcom reported 25% revenue growth, which included a benefit of about three weeks of its acquisition of VMware, to $14.9 billion. That beat analyst estimates at $14.6…
Article Source
https://www.fool.com/investing/2025/03/07/why-broadcom-stock-was-moving-higher-today/
