AVGO is trading at $419.34 (+4.3%) after being named Zacks Bull of the Day, driven by its surging custom AI accelerator business for hyperscalers.
- The company reported 106% YoY growth in AI revenue, positioning it as a primary challenger to Nvidia in the custom silicon market for partners like Google and Meta.
- Broadcom's gains are supported by a broader 1.34% rise in the NASDAQ as easing geopolitical tensions improve sentiment for high-growth tech stocks.