Why Broadcom Stock Blew Past the Market on Monday
Since the start of the tariff war, investors have been nervous about microchip stocks. That feeling wasn't much in evidence with Broadcom (NASDAQ: AVGO) on Monday, however, as the company's shares added 3% in value that trading session. A confident and bullish analyst note helped boost sentiment, and power Broadcom to a win over the S&P 500's (SNPINDEX: ^GSPC) 0.4% daily gain.That note -- a weekly update on leading semiconductor titles -- was published by white-shoe investment bank Morgan Stanley Monday morning. It covered several notable chip stocks, and although this week's edition mainly focused on the sector's current darling Nvidia, it also addressed cutting-edge companies Broadcom and Marvell.Image source: Getty Images.Continue reading
Since the start of the tariff war, investors have been nervous about microchip stocks. That feeling wasn't much in evidence with Broadcom (NASDAQ: AVGO) on Monday, however, as the company's shares added 3% in value that trading session. A confident and bullish analyst note helped boost sentiment, and power Broadcom to a win over the S&P 500's (SNPINDEX: ^GSPC) 0.4% daily gain.
That note -- a weekly update on leading semiconductor titles -- was published by white-shoe investment bank Morgan Stanley Monday morning. It covered several notable chip stocks, and although this week's edition mainly focused on the sector's current darling Nvidia, it also addressed cutting-edge companies Broadcom and Marvell.
Image source: Getty Images.
