Broadcom (AVGO, Financials) is on the verge of a new all-time high; shares rose 2.5% Tuesday to $254.90 in midday trading, driven by optimism ahead of the company's quarterly earnings due Thursday afternoon. If the stock closes above $255.21, it would mark the company's first new record since December 2024 and push its valuation past $1.2 trillion for the first time, according to Dow Jones Market Data.
Investors are zeroing in on Broadcom's position in the AI ecosystem; the company supplies essential components for AI infrastructure, and expectations are rising that its results will reflect that demand. Analysts remain bullish heading into earnings; recent strength in the broader semiconductor sector has only added fuel to the rally.
Even a close above $250 would mark a fresh technical milestone for the stock; that threshold was last cleared in late 2024. With earnings just days away, attention will turn to Broadcom's guidance and commentary around enterprise tech investment—especially any signs that AI-related growth may persist.
