Broadcom Stocks Climb 4.54% as Custom AI Chips Gain Appeal After NVIDIA Shake-Up

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This article first appeared on GuruFocus. Broadcom Inc (NASDAQ:AVGO) shares climbed 4.54% to $360.88 at 9:35 a.m. ET in early regular-session trading on November 12, building on a premarket gain as NVIDIA's board confirmed the resignation of CEO Jensen Huang. CoinCentral reported Broadcom was up 2.5% before the bell and had already gained 18% this week through Wednesday's close. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator.AVGO GF Value chart The trade is simple: hyperscalers that design their own chips may lean harder on Broadcom while NVIDIA works through a leadership transition.