Broadcom (NASDAQ:AVGO) is currently experiencing significant market interest. The semiconductor company is due for a 10-for-1 stock split on July 15, which some believe could ignite a tech buying frenzy. The company is looking attractively priced, and some analysts suggest that shorting AVGO puts could be a good strategy. Fiscal Q2 goals were surpassed and its stock has seen a considerable 31% surge. These bullish factors have led to prominent names like US Speaker of the House, Nancy Pelosi, adding Broadcom stocks to her portfolio. AVGO's strong performance in AI growth has also been highlighted with stocks hitting a fresh record high following the split announcement. In anticipation of the split, trading has fluctuated, but overall, AVGO shares have risen by 24% in the past month, and by up to 21% back in June. The sale of stocks by AVGO Director Justine Page has also sparked some attention in the market. As it stands, expert opinions vary as to whether investing in Broadcom ahead of the impending stock split is prudent.
Broadcom AVGO News Analytics from Fri, 01 Mar 2024 08:00:00 GMT to Sun, 07 Jul 2024 14:31:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -2
