Broadcom Stock Climbs as AI Chip Business Booms
- Broadcom stock bouncing off 10-week line, has early entry at 1,403.61
- Broadcom revealed new AI chip customer at recent event
- Aims for over $10B in AI chip revenue this fiscal year, up 140%
- Seen as well-positioned in networking and custom accelerators for AI
- Stock on IBD Big Cap 20 and Tech Leaders lists