Broadcom stock surged 3% due to strong demand for Nvidia's products in chip market.

From NASDAQ.: 2025-06-02 18:27:00

Broadcom (NASDAQ: AVGO) saw a 3% increase in share value on Monday, outperforming the S&P 500. A bullish analyst note from Morgan Stanley highlighted strong demand for Nvidia’s products, benefiting the wider chip market. Analysts expect Broadcom to report impressive second-quarter results, with projected year-over-year earnings growth of nearly 43% and revenue increase of over 19%. While not on the list of the 10 best stocks to buy right now, Broadcom’s diverse offerings could lead to substantial growth. Investors are optimistic about Broadcom’s upcoming earnings report and future prospects in the chip sector.



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