Broadcom Stock Jumps 3.76% on AI Momentum and Goldman Sachs Conviction List Addition

Broadcom (AVGO) stock surged 3.76% to close at $344.97 on January 9th, driven by strong positive sentiment toward AI infrastructure leaders and key endorsements from major financial institutions.

• Goldman Sachs added AVGO to its US Conviction List, assigning a new price target of $450.
• The positive momentum was reinforced by Cathie Wood's ARK Invest disclosing a new stake in the company.