surrendered 5%.
Bullishness around Broadcom has been fuelled by the company’s release last week of fourth-quarter earnings that exceeded expectations and a revenue outlook for the current quarter that beat forecasts. A number of Wall Street brokers, including Goldman Sachs, have raised their price targets on Broadcom’s stock recently.
Broadcom shares have risen more than 120% this year to date, while Nvidia’s stock has added more than 160% over the same period.
This breaking news story is being updated.
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