Broadcom's Stock Soars Following AI Boom and Stock Split Announcement

The semiconductor giant sees record highs and increased market cap as demand for AI products drives growth.

Broadcom's stock surged over 12% after surpassing quarterly earnings expectations and announcing a 10-for-1 stock split.
The company raised its annual revenue forecast to $51 billion, citing strong demand for AI-related products.
Analysts predict Broadcom could join the trillion-dollar market cap club, with price targets as high as $2,100.
Broadcom's AI product sales reached a record $3.1 billion, making up 25% of its total revenue.
The recent acquisition of VMware contributed significantly to Broadcom's revenue and growth projections.