Broadcom Stock Reaches Record Heights On Semiconductor, AI Boom: How High Do Analysts Expect It To Climb?

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Benzinga

Broadcom Inc (NASDAQ:AVGO) stock made new all-time highs on Wednesday as it recorded a high of $1,284.55 during the trading day. The high-end of the 52-week range for the stock now stands at $1,284.55. This fabless giant, best known for its extensive range of semiconductors and infrastructure software solutions, has been buoyed through 2023 by the semiconductor boom. The AI-fueled semiconductor surge pushed Broadcom’s stock over 114% higher in the past year, vastly outperforming its industry-tracking iShares Semiconductor ETF (NASDAQ:SOXX) and the broad market S&P 500 Index, which has gained 2…

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