Broadcom Stock Jumps Nearly 3.2% as $16.7 Billion AI Engine Faces Margin Test
Broadcom NASDAQ:AVGO, the custom chip and networking giant, caught a lift as JPMorgan argued the AI trade could recover from its recent pullback. Shares rose nearly 3.2% to $360.53 at roughly 11:14 a.m. ET Tuesday, a sharper move than the nearly flat opening suggested.The numbers behind that optimi…