Broadcom stock rises as JPMorgan backs AI growth, sees 54% upside
Broadcom (AVGO) shares moved higher on Wednesday as investors returned to semiconductor stocks and analysts at JPMorgan reiterated their bullish outlook on the chipmaker. The bank argued that the market continues to underestimate the company’s long-term artificial intelligence opportunity. The stock rose 5.17% during trading. The rebound followed a difficult month for Broadcom shares, which
