What's The Next AI Winner After Broadcom?
Shares ofBroadcom, Inc.(NASDAQ:AVGO) closed at $250 Monday, up nearly 40% since the company reported earnings last week. Broadcom is a major supplier of custom chips and interconnects for AI workloads in datacenters. As such, it has profited from the AI boom.
Looking For Pin Action
"Pin action" is a phrase traders borrowed from bowling. It refers to the knock-on effects one can find after a big movement in a particular stock. In the case of Broadcom, we'd expect to see pin action in the AI sector, and we've...
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