Broadcom (AVGO) Shares Jump 5.54% After Nvidia CEO Exit

TLDR Broadcom stock gained 5.54% on Thursday, closing at $364.36. Thursday’s trading volume reached approximately 43.62 million shares, exceeding its 20-day average. Nvidia confirmed Jensen Huang’s resignation and appointed Colette Kress as interim CEO. Investors considered Broadcom’s potential advantages in the custom AI-chip market. Broadcom previously reported $16.7 billion in third-quarter AI semiconductor revenue. Broadcom [...]

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