Broadcom stock rallies 6% on upbeat earnings; AI chip sales expected to hit $100 billion by 2027
Shares of heavyweight chipmaker Broadcom jumped 6% in Thursday’s trade, reaching the day’s high of $336.12 per share, even as key Wall Street averages were trading with losses. The rally in the stock on 5 March was triggered by the company’s strong set of results for its fiscal first quarter and a robust forecast for…