The Broadcom Stock Soars to a Record High Thanks to AI Enthusiasm
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Share price increases by nearly 10% after CEO compensation deal and Oracle boost Investors see Broadcom as a growing competitor to Nvidia in the AI market The stock of Broadcom surged nearly 10% on Wednesday, reaching a new all-time high. The trigger was the news that CEO Hock Tan's compensation will now be directly linked to ambitious AI revenue targets, along with strong cloud forecasts from Oracle. Investors view this as a signal of Broadcom's increasing role in the AI market – seeing the company as an increasingly serious competitor...
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