Broadcom Inc. (AVGO) excels, hitting record highs with a 9.41% gain on Friday, driven by strong earnings and a $10 billion AI deal. Net income up to $4.14 billion from a $1.87 billion loss last year. Revenues rise 22% to $15.95 billion, with AI segment revenue jumping 63%. AVGO secures a $10 billion custom chip supply deal with OpenAI. Shareholders set to receive $0.59 quarterly dividend.

AVGO’s CEO Tan announces strong chip shipments beginning 2026. While AVGO shows potential, other AI stocks may offer higher returns. For those seeking an affordable AI stock benefitting from tariffs and onshoring, check out the free report on the best short-term AI stock.

For more stock insights, explore “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.” Original article published by Insider Monkey.

Read more at Yahoo Finance: Broadcom (AVGO) Jumps to Record Highs on Earnings Blowout, $10-Billion AI Deal