Why Broadcom Stock Is Rising Today
Yahoo Finance ·
Sometimes, it just takes the mention of a new deal with a prominent customer for a stock to grab investors' attention. This is clearly demonstrated today with Broadcom ( AVGO +3.83% ) stock after the company reported an update on a collaboration with a well-known partner in a regulatory filing. As of 10:41 a.m ET, shares of Broadcom are up 5%. Broadcom reported in a regulatory filing today that it and Apple ( AAPL +1.69% ) have reached an agreement to expand their technology collaboration through 2031. According to the filing, Broadcome will "develop and supply a range of custom ASIC [application-specific integrated circuits] silicon products for use in multiple generations of Apple products.
DYAX Investor Sentiment
Bullish (Long) 34% · Bearish (Short) 66%
368 participants
Related News
- Big Bank Stocks Pop Ahead Of Earnings. Why Bullishness Is Growing.
- Micron Stock Rises After Landing Major Long-Term Ford Deal
- Broadcom shares jump after surprise five-year Apple chip deal
- Regions Financial downgraded to Neutral at DA Davidson
- Microsoft joins AI-driven tech layoff wave with 4,800 job cuts
- Valar Atomics Partners With NVIDIA (NVDA) To Develop Data Center in Utah, Reuters Reports