This Artificial Intelligence (AI) Stock-Split Stock Has Surged in 2024. But Is Broadcom Stock a Buy for 2025?
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Broadcom (AVGO) has seen a 63% return in 2024, outperforming the S&P 500's 29% return, partly due to a 10-for-1 stock split in July.
December 10, 2024 | 9:15 am
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POSITIVE IMPACT
Broadcom's stock has surged 63% in 2024, significantly outperforming the S&P 500, likely aided by a 10-for-1 stock split in July.
The 63% return indicates strong performance, and the stock split likely made shares more accessible to investors, contributing to the price increase. This positive momentum suggests a favorable short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100