Why Broadcom Stock Rallied Tuesday Morning
The semiconductor and networking specialist is gaining ground amid reports of price hikes from another AI player.
Overview
Shares of Broadcom (NASDAQ: AVGO) climbed on Tuesday, gaining as much as 4.1%. As of 2:46 p.m. ET, the stock was still up 3.1%.
The catalyst that sent the semiconductor specialist higher was a report that Intel plans to raise prices for its CPUs.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.