Broadcom Rallies 6% on a Broadened Apple Partnership as AMD Gains 8%, Intel Rises 4%

Broadcom shares jumped 6% to about $381 in early Monday trading after it agreed to expand its custom-chip partnership with Apple through 2031. The longer-duration deal supports improved revenue visibility tied to Apple’s chip roadmap and drove the positive move in AVGO.

Analysis

Broadcom shares jumped 6% to about $381 in early Monday trading after it agreed to expand its custom-chip partnership with Apple through 2031. The longer-duration deal supports improved revenue visibility tied to Apple’s chip roadmap and drove the positive move in AVGO.