AVGO is trading at $358.35, up 3.54%, driven by strong AI momentum and broader market strength as the market opens.
- Broadcom has established itself as the "Nervous System" of AI, successfully transitioning to the dominant designer of custom AI accelerators for major hyperscalers.
- The company projects a massive $73 billion AI-related backlog, underpinning investor confidence in infrastructure-first AI plays.
- The stock's recovery reflects renewed optimism, aligning with broader pre-market strength (S&P 500 E-minis up 0.60% and Nasdaq 100 E-minis up 0.97%).