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Maverick Capital ltd, managed by Lee Ainslie, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 359,668 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, focusing on data encryption and Fibre Channel technology. Despite these innovations, Morgan Stanley lowered Broadcom’s price target from $265 to $246, citing concerns over AI developments like DeepSeek. Conversely, Barclays raised its target to $260, maintaining optimism about Broadcom’s prospects in AI and semiconductor technology. Bullish options activity was reported, with increased call trading and implied volatility, indicating market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance is reported as 1.32%, with a current market cap of approximately $1101.7 billion to $1105.3 billion.
More about Broadcom Inc.
YTD Price Performance: 0.46%
Average Trading Volume: 32,928,909
Current Market Cap: $1105.3B
