Why Broadcom Stock Rallied on Thursday
Source: Motley Fool
2026-03-05 14:22:56 ET
Shares of Broadcom (NASDAQ: AVGO) climbed on Thursday, gaining as much as 5.9%. As of 1:16 p.m. ET, the stock was still up 3.5%, despite a general market downtrend.
The catalyst that sent the semiconductor specialist higher was robust results fueled by strong demand for its artificial intelligence (AI) hardware.
Image source: Getty Images.
Broadcom Inc.
NASDAQ: AVGO
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Semiconductors and Equipment
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