Broadcom (
AVGO) often appears in the top 10 tech stocks lists but yet seems to be mainly ignored by most retail investors. It has shown a massive gain of over 100% in just 1 year.
This morning (pre-market UK) it seems to be rocketing up 10% so far today, so I have bought in...
This new hype seems to come from it's recent tie in with OpenAI on a $10bn deal.
AVGO has a P/E of over 110 and seems way overpriced, so I will take a quick profit on this one after the US stock market opens this afternoon, rather than hold it for weeks since I own AVGO in many of my ETFs already.
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