From Yahoo Finance: 2025-05-05 10:13:00

Broadcom announced a $10 billion share buyback program, boosting its stock. The company’s diversification and AI business contributed to its success. Shares surged 15% in April, outperforming the market. The stock rebounded after Trump’s tariffs announcement, gaining 5.4%. Broadcom also saw a 19% jump on news of a tariff pause. Additionally, the company advanced in cybersecurity with an AI tool and benefited from trade war fears easing. Seaport Research initiated coverage with a buy rating. Broadcom’s earnings are set for June, showing promise in AI and diversification in networking chips, infrastructure products, and cybersecurity. The company is well-positioned to ride out market turmoil and continue its success.

Read more: Why Broadcom Stock Jumped 15% in April