By: Colin Laidley, Justin Sullivan
Key Takeaways Broadcom shares surged more than 20% in early trading Friday after the company reported strong results and said it sees a "massive" opportunity for sales growth tied to AI demand. With the gain, Broadcom becomes just the ninth U.S. company to surpass $1 trillion in market capitalization. The stock has nearly doubled this year as tech companies have rushed to develop and deploy custom AI infrastructure.