Broadcom (AVGO) Stock Bucks Trend, Jumps 6%: Here's Why
Ongoing geopolitical tensions have forced the US stock market into a state of uncertainty. Yet, as Wall Street has seen a host of shares fall in value this week, there are a select few who haven’t. Among them is Broadcom (AVGO), which is bucking the trend, jumping 6% during Wednesday trading. The stock had already increased 4% in premarket trading, with a bullish sentiment forming around the investment. Now, the biggest question is why is Broadcom gaining so much today. Moreover, is its recent increase a reality that should influence you to buy in on the company? Source: AFP 2023 / JEWEL SAMAD Also Read: US Stocks: Which Was Hit the Hardest by Trump’s Tariffs? Broadcom Gains 6% Wednesday as Geopolitics Leave Stocks Volatile The ongoing tension within global economics has led to increased volatility in the stock market. Where companies like Tesla (TSLA) and Alphabet (GOOGL) are falling, Chevron (CVX) has emerged with energy stocks soaring. This can make market planning all the more...