Broadcom Inc (Ticker: AVGO) is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. Their products are used in various industries, including networking, wireless communication, data center, and storage.

In recent market activity, AVGO stock is clearly trending higher both on an absolute and relative basis. This indicates that the stock's price has been consistently moving higher over time, outperforming the broader market or its industry peers.

A clear upward trend suggests positive investor sentiment and potential for further gains. Traders and investors should closely monitor the stock's price action and consider the trend as a factor in their decision-making process. However, it is important to conduct thorough analysis and consider other technical indicators to confirm the strength of the trend and identify potential entry or exit points.