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Broadcom's stock soars to a 52-week high after beating earnings and revenue projections.
Broadcom's stock hit a new 52-week high after KeyCorp raised its price target and the company reported better-than-expected earnings.
The semiconductor company's Q2 revenue was $15 billion, a 20.2% increase from last year, exceeding $14.98 billion in analyst projections.
Broadcom's EPS of $1.58 also topped expectations by $0.01.
The company's market cap is $1.3 trillion, and insiders have sold $221.43 million worth of shares over the past 90 days.
Broadcom has also received buy ratings from several analysts, with KeyCorp setting a target of $330.
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Las acciones de Broadcom se disparan a un máximo de 52 semanas después de superar las ganancias y las proyecciones de ingresos.