00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Broadcom shares rose more than 1% in Monday's pre-market trading as technology stocks gained
00:08ground, according to Benzinga. The chipmaker continues to benefit from growing demand for
00:13artificial intelligence infrastructure, including custom AI chips and networking equipment.
00:19Broadcom recently highlighted growing adoption of its Ethernet technology for AI networks.
00:24A $63 billion financing package tied to Anthropik's AI expansion could also support
00:30demand for Broadcom products beginning in 2027. However, the stock remains under technical
00:36pressure, trading below several key moving averages. Analysts remain bullish, with a consensus buy
00:43rating and an average price forecast of nearly $523.77. Broadcom shares gained 1.14% to $329.88
00:54in pre-market trading, according to Benzinga Pro. For all things money, visit Benzinga.com.
