Broadcom Inc. ($AVGO) has seen significant growth this week following its earnings report on Wednesday. The company's stock surged 12%, reaching an all-time high, and it announced a 10-for-1 stock split. This surge added $85 billion to its market cap. Broadcom has now become the seventh largest company in the S&P 500 ($SPY) and iShares Core S&P 500 ETF ($IVV), surpassing Eli Lilly ($LLY) and approaching Berkshire Hathaway. Investors are optimistic, with some buying on dips, anticipating continued growth similar to Nvidia's recent performance. The stock has risen from $620+ to $1730+, with some investors up almost $60.
$AVGO - from 620+ to 1730+ ššš https://t.co/HwU32eeniZ
$AVGO Up almost $60 on this already https://t.co/X1etcb59B2
$AVGO consol delivers https://t.co/MLiNtKGd84
$AVGO dips are for buying https://t.co/yR2qqa55hR
Broadcom is on a tear this week Since its earnings beat Wednesday ā¢ Surged 12%, hit ATH ā¢ Announced 10-for-1 split ā¢ Added $85 billion in market cap Another AI name to remember https://t.co/eJe37SyHfC
I added some $AVGO yesterday on the dip as it went blue sky Getting nice follow through today 10 for 1 split like $NVDA, which has not stopped going up betting same happens here Print from yesterday's trades below https://t.co/GU3mcJZ0WX
$AVGO already the 7th biggest company weight in $SPY $IVV, leapfrogging both $LLY and Berkshire yesterday. https://t.co/3P8VF9ckrP
$AVGO now bigger than $LLY, Berkshire in its sights https://t.co/lO8nR0uKPE