Broadcom Stock Rises 90% In 6 Months - What's Fueling The Rally?

1. AVGO's stock rose 90.4% primarily due to a 71.0% increase in net income margin. 2. AI revenue for AVGO surged 63% in Q3 FY 2025, indicating strong demand. 3. Infrastructure software, boosted by VMware, saw a 17% revenue increase in Q3. 4. AVGO reported a record backlog of $110 billion, enhancing future revenue visibility. 5. Several analysts upgraded AVGO to a consensus ‘Strong Buy’ rating.