Shares of Broadcom logged a record high Friday.
The stock rose some 5% to more than $957, rising for a tenth day in 11 sessions. It needed to close above $922.89, according to Dow Jones Market Data, to mark its first record close since August.
The stock is up more than 60% this year. Investors are hoping the company’s planned acquisition of VMWare, first unveiled nearly 18 months ago, finally goes through. Shares of VMWare rose less than 1%.
