Why Broadcom Stock Is Soaring Today

Broadcom (NASDAQ: AVGO) stock is roaring higher in Wednesday trading thanks to some big news in the artificial intelligence (AI) space. The company's share price was up 8.6% as of 3:30 p.m. ET. At the same point in the day's trading, the S&P 500 was up 0.1%, and the Nasdaq Composite was down 0.3%.Broadcom's valuation is jumping today after Oracle outlined a staggering growth outlook for its cloud infrastructure business. As a leading provider of connectivity chips, other hardware, and related software services, the news is a positive indicator for Broadcom. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool