Broadcom stock is in a local bear market: will it retest its record high?

Broadcom (AVGO) shares rose 5% to $395 on Wednesday after extending its relationship with Apple. The move represents roughly a 10% rebound from AVGO’s lowest level earlier this month, indicating improved market confidence tied to the Apple partnership outlook.

Analysis

Broadcom (AVGO) shares rose 5% to $395 on Wednesday after extending its relationship with Apple. The move represents roughly a 10% rebound from AVGO’s lowest level earlier this month, indicating improved market confidence tied to the Apple partnership outlook.