Broadcom Inc. (AVGO) Stock: Rises as $4.5B Debt Issue and Wi-Fi 8 Push Reinforce AI Strategy

Broadcom Inc. (AVGO) Stock: Rises as $4.5B Debt Issue and Wi-Fi 8 Push Reinforce AI Strategy

TLDR Broadcom shares traded higher despite issuing $4.5B in new debt. Proceeds will support general operations and repay existing loans. Analysts reaffirmed bullish views on Broadcom’s AI chip leadership. The company expanded its Wi-Fi 8 portfolio to support AI-driven applications. Price targets from major banks remain near $475…
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