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Broadcom Shares Rise After Showcasing Broadband Edge AI Portfolio

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Broadcom (AVGO) shares were up 3% in Tuesday trading after the company showcased its broadband edge artificial intelligence portfolio, which includes 50G PON gateway SoC, a Wi-Fi 8 product family, and a joint 5G and Wi-Fi 8 fixed wireless access platform solution.

Broadcom's offerings aim to deliver localized processing, low latency and reliability for next-generation connected AI applications, according to a late Monday statement.

Price: $472.99, Change: $+13.02, Percent Change: +2.83%

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