AVGO has been in the news 310% more than usual
May 09, 2025, 6:32 PM
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What does AVGO do
Broadcom, headquartered in Palo Alto, California, offers semiconductor and infrastructure software solutions, employing 20,000 people since its IPO on August 6, 2009. Its products serve various markets, including cloud and enterprise software.
AVGO has been in the news recently: Broadcom Inc. (AVGO) saw its stock rise on Thursday as the Trump administration announced plans to lift AI chip export restrictions, benefiting major semiconductor companies. Additionally, the overall positive investor sentiment towards megacap tech stocks contributed to a significant increase in the Nasdaq 100.
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