Broadcom stock holds above $350 into year-end as traders refocus on AI margins
Broadcom shares closed up 0.6% at $352.13 on Friday in subdued post-Christmas trading. The company reported fourth-quarter revenue of $18.0 billion, up 28% year-over-year, but warned gross margins would decline as AI revenue grows. The S&P 500 slipped 0.03%, while the Philadelphia semiconductor index edged up 0.05%. Broadcom’s next earnings report is expected in early February.