This AI Stock Just Flashed a Big Buy Signal

Like the rest of the stock market, Broadcom (NASDAQ: AVGO) was hit hard by the stock market sell-off. The two-day crash that followed President Donald Trump's tariffs announcement pushed Broadcom stock down 15%. It's now down more than 37% from its peak in December.However, management gave the stock announced a new stock buyback program, authorizing a share repurchase of $10 billion through the end of the year.CEO Hock Tan said the repurchase move showed the board's "confidence in the strength of Broadcom's diversified semiconductor and infrastructure software product franchises," adding, "We are uniquely positioned in mission critical infrastructure software and enabling hyperscalers to drive innovation in generative AI."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool