AVGO34 Stock Price and Chart — BMFBOVESPA:AVGO34

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Broadcom Inc. (AVGO) surged over 11%, leading gains on the S&P 500 and Nasdaq 100 after reporting stronger-than-expected FQ4 adjusted EPS and optimistic FQ1 revenue guidance.

President Capital raised its price target on Broadcom Inc. (AVGO) to $250, while Argus increased it to $285. Analysts report an average buy rating and a mean price target of $234.66 for Broadcom.

Broadcom Inc. (AVGO) experienced a decline of over 4% as rising bond yields negatively impacted the semiconductor sector.

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About Broadcom Inc.

Broadcom Inc. is a global technology company, which designs, develops, and supplies semiconductors and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment refers to product lines and intellectual property licensing. The Infrastructure Software segment relates to mainframe, distributed and cyber security solutions, and the FC SAN business. The company was founded in 1961 and is headquartered in Palo Alto, CA.