Why did avgo skyrocket

Broadcom's stock price surge can be attributed to several factors:

1. Strong Demand for AI-Optimized Servers: Broadcom's fabless chip and software business have benefited from the growing demand for AI-optimized computing solutions. Dell's strong earnings highlighted the increasing interest in AI solutions, particularly AI-optimized servers, which saw a nearly 40% sequential increase in orders.
2. Positive Earnings Report: Broadcom's last reported quarterly earnings of $10.99 per share exceeded the consensus estimate of $10.25 per share, resulting in a surprise of 7.22%. This positive earnings surprise has likely contributed to the stock's upward momentum.

In conclusion, Broadcom's stock price surge is a result of a combination of market demand and company performance.