Broadcom Stock Surges to All-Time High Monday, Extending Earnings-Fueled Rally | Global News Avenue

Broadcom (AVGO) shares jumped to a record high on Monday as the chipmaker continued to rally following its earnings report.

The stock rose more than 10% to $248.09, setting a record closing high. The stock has risen nearly 40% since the Broadcom report Fiscal fourth quarter earnings Beating expectations on Thursday, last week’s gains pushed the company’s market capitalization above expectations $1 trillion level.

multiple analysts Price target raised Broadcom reported better-than-expected results late last week, and with Monday’s gains, the stock has surpassed or been close to hitting most targets. Citigroup raised its target to $220, while JPMorgan Chase and Bank of America raised their targets to $250.

Bernstein analysts link Broadcom’s meteoric rise to Artificial Intelligence (AI) Dear NVIDIA (NVDA), wrote on Monday that the stock may be experiencing its own “Nvidia moment.” Broadcom’s shares have more than doubled this year, as have Nvidia’s shares as demand for infrastructure to support artificial intelligence surges. Analysts gave Broadcom a $250 price target and an “overweight” rating, calling it a “top pick” along with Nvidia.

In a note to clients on Monday morning, Bank of America also named Broadcom as one of its six top picks in the semiconductor industry for 2025, along with Nvidia and Marvell Technology.MRVL), general forest research (LRCX), ON Semiconductor (exist) and the Cadence design system (Domain name resolution system). They point to Broadcom’s strong capabilities Earnings per share (EPS) Gained growth and “Best Semi-Profitability” for its inclusion on the list.