Broadcom Stock Surges 108% in 2024: AI Chip Demand and Strategic Acquisitions Drive Growth
Monday, Jan 13, 2025 4:05 am ET
1min read 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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