Why Broadcom Stock Soared 44% in December

Shares of the semiconductor company Broadcom (NASDAQ: AVGO) soared last month after the company's fourth-quarter financial results surpassed Wall Street's expectations. Broadcom is a leader in application-specific integrated circuits (ASICs) used in artificial intelligence (AI) data center infrastructure. That's just the long way of saying its chips are used for AI processing.Broadcom's shares jumped by 43% in December, according to data provided by S&P Global Market Intelligence, as investors cheered the company's top- and bottom-line results in the quarter.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool