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Discovery Capital Management, LLC, managed by Rob Citrone, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 48,400 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the launch of the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, underscoring the company’s focus on data encryption and Fibre Channel technology. Despite these innovations, Morgan Stanley lowered its price target for Broadcom from $265 to $246, citing concerns about AI developments like DeepSeek. In contrast, Barclays increased its target to $260, maintaining an optimistic view on Broadcom’s prospects in AI and semiconductor technology. Significant bullish options activity was reported, suggesting market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance ranges from 1.32% to 1.65%, with a current market cap between $1101.7 billion and $1105.3 billion.
More about Broadcom Inc.
YTD Price Performance: 0.46%
Average Trading Volume: 32,928,909
Current Market Cap: $1105.3B
