Broadcom strengthens stock with new Apple deal. Why the experts like it

https://www.cnbc.com/2023/05/23/broadcom-bolsters-stock-with-new-apple-deal-why-the-experts-like-it.html Broadcom strengthens stock with new Apple deal. Why the experts like it
Market Movers rounded up the best reactions from investors and analysts as Broadcom stock hit a 52-week high after Apple announced a multibillion-dollar deal with the chipmaker. The experts, including Jim Cramer, discussed Broadcom, which plans to develop 5G high-frequency components in the US for Apple, its largest customer. Additionally, Bank of America said Broadcom was the “most underrated AI beneficiary.” Broadcom shares closed the day up 1.2% at $686.50. Previously, shares traded as high as $698.99.
https://www.cnbc.com/2023/05/23/broadcom-bolsters-stock-with-new-apple-deal-why-the-experts-like-it.html Broadcom strengthens stock with new Apple deal. Why the experts like it