Stocks to Watch Thursday: Tesla, Broadcom, Virgin Galactic

Broadcom to Split Stock as Sales Surge #

Broadcom, a chip and software company, has announced a 10-for-1 stock split following a quarter of strong demand. The company stated that around 25% of their sales come from AI products. As a result of the news, Broadcom’s shares soared 14% in premarket trading.

Tesla Shares Surge on Support for CEO’s Compensation Package #

Tesla’s stock price jumped 7% in premarket trading after CEO Elon Musk revealed that initial voting results show shareholders currently supporting a proposal to ratify his significant pay package. The voting results demonstrate the shareholders’ backing of Musk’s compensation plan.