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Broadcom Inc (NASDAQ: AVGO) shares settled lower on Wednesday after recently surging to an all-time-high level. On Dec. 7, Broadcom reported mixed fourth-quarter results and issued FY24 revenue guidance above estimates. The company also raised its dividend. The company is making significant strides in the artificial intelligence (AI) field, partnering with major players like Alphabet Inc‘s Google and Comcast Corp. With the recent buzz around Broadcom, some investors may be eyeing potential gains
Semiconductor and infrastructure software company Broadcom’s (NASDAQ:AVGO) stock skyrocketed 79% YTD on the back of the AI wave. Investor sentiment remains buoyant, fueled by the long-term potential AI offers chip stocks. While chip demand for personal computing and smartphones has been lukewarm this year, most analysts believe Q4 will be favorable. Broadcom’s strategic investments and commitment to AI make me bullish on AVGO’s stock. Outstanding Growth Trajectory Broadcom has emerged as a key p