Broadcom Surges 12%, Announces 10-for-1 Split, Stock Rises from $620+ to $1730+

Broadcom Inc. ($AVGO) has seen significant growth this week following its earnings report on Wednesday. The company's stock surged 12%, reaching an all-time high, and it announced a 10-for-1 stock split. This surge added $85 billion to its market cap. Broadcom has now become the seventh largest company in the S&P 500 ($SPY) and iShares Core S&P 500 ETF ($IVV), surpassing Eli Lilly ($LLY) and approaching Berkshire Hathaway. Investors are optimistic, with some buying on dips, anticipating continued growth similar to Nvidia's recent performance. The stock has risen from $620+ to $1730+, with some investors up almost $60.