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Broadcom Stock Surges 108% in 2024: AI Chip Demand and Strategic Acquisitions Drive Growth

Marcus LeeMonday, Jan 13, 2025 4:05 am ET

1min read

AVGO -2.88%

Broadcom Inc (AVGO) shares soared 108% in 2024, driven by strong demand for its AI chips and strategic acquisitions that expanded its product portfolio and market reach. The semiconductor and infrastructure software company's stock price surge was fueled by several key factors, including its growing role in the AI revolution, CEO Hock Tan's bullish predictions, and robust earnings and guidance.

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AdCommercial3174

01/13

$AVGO drop bad momentum very bearish no buyers here today

HobbyLegend

01/13

$AVGO Why Broadcom's Stock Doubled in 2024 Many investors searching for top tech growth stocks might miss Broadcom (AVGO -2.18%). But they shouldn't. https://www.stck.pro/news/AVGO/98185758/

BennyBiscuits_

01/13

@HobbyLegend AVGO's AI chip demand is legit, but keep an eye on competition from Nvidia.

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