Close Menu
Global News HQ
    What's Hot

    Are Your Tech Products Out of Date? Probably

    June 29, 2025

    Reese Cooper Spring 2026 Menswear Collection

    June 29, 2025

    27% of Koreans aged 20–50 hold crypto, 70% eye more investments: Report

    June 29, 2025
    Recent Posts
    • Are Your Tech Products Out of Date? Probably
    • Reese Cooper Spring 2026 Menswear Collection
    • 27% of Koreans aged 20–50 hold crypto, 70% eye more investments: Report
    • Nvidia executives cash out $1bn worth of shares
    • eBay Smells Opportunity in EU’s Digital Product Passport Mandate
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Are Your Tech Products Out of Date? Probably
    • Reese Cooper Spring 2026 Menswear Collection
    • 27% of Koreans aged 20–50 hold crypto, 70% eye more investments: Report
    • Nvidia executives cash out $1bn worth of shares
    • eBay Smells Opportunity in EU’s Digital Product Passport Mandate
    • Today's NYT Mini Crossword Answers for June 29 – CNET
    • SCOTUS’s CASA Decision Ends Nationwide Injunctions, Creating Uncertainty Around Enforcement of Executive and Agency Actions
    • This Under-the-radar Bermuda Resort Has 4 Pools and a Private Beach on the Island’s South Shore
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Finance & Investment - Why Broadcom Stock Is Skyrocketing Today | The Motley Fool
    Finance & Investment

    Why Broadcom Stock Is Skyrocketing Today | The Motley Fool

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Why Broadcom Stock Is Skyrocketing Today | The Motley Fool
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Broadcom (AVGO 18.31%) stock posted explosive gains in Wednesday’s trading amid a dramatic recovery for the broader market. The company’s share price closed at 18.3% in the daily session. Meanwhile, the S&P 500 (^GSPC 9.52%) and the Nasdaq Composite (^IXIC 12.16%) ended the day’s trading with gains of 9.5% and 12.1%, respectively.

    Stocks surged today after President Trump announced a 90-day pause on reciprocal tariffs. Excluding China, imported goods from all other countries will be taxed at a 10% at U.S. ports. The move represents a significant moderation compared to the administration’s previous tariff policies, and investors reacted to the bullish development by buying back into stocks.

    Trump’s 90-day tariff delay just powered a big recovery for Broadcom stock

    Broadcom and other artificial intelligence (AI) stocks were hit with big sell-offs, even though the Trump administration’s tariff policies included exceptions for semiconductors. But Trump’s recent announcement that he has implemented a 90-day pause on reciprocal tariffs has helped to power a big rebound rally for AI stocks. With the 90-day postponement opening the door for the U.S. to reach new trade agreements with other countries, it’s possible concerns about global supply chains could be further mitigated.

    TD Cowen stays bullish on Broadcom despite lowering price target

    In a note published before the market opened today, TD Cowen lowered its one-year price target on Broadcom stock from $265 per share to $200 per share due to macroeconomic pressures related to tariff polices. On the other hand, the firm maintained its buy rating on the stock.

    Even after Broadcom’s big rally today, Cowen’s new price target on the stock still implies upside of roughly 11%.

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleMaxine Waters criticizes Trump for ‘enriching’ himself via crypto ventures
    Next Article First Look of the Samsung Frame Pro TV at CES – Video

    Related Posts

    Nvidia executives cash out $1bn worth of shares

    June 29, 2025

    The Future of Social Security Just Went From Bad to Worse. Here’s What Seniors Can Expect Next. | The Motley Fool

    June 29, 2025

    US multinationals on track for minimum tax reprieve after G7 deal

    June 28, 2025

    Why Investing Abroad Could Pay Off

    June 28, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Business & Entrepreneurship
    1 Min Read

    Are Your Tech Products Out of Date? Probably

    Understanding where your products, services, and technologies fall in the life cycle can help you…

    Reese Cooper Spring 2026 Menswear Collection

    June 29, 2025

    27% of Koreans aged 20–50 hold crypto, 70% eye more investments: Report

    June 29, 2025

    Nvidia executives cash out $1bn worth of shares

    June 29, 2025
    Top
    Business & Entrepreneurship
    1 Min Read

    Are Your Tech Products Out of Date? Probably

    Understanding where your products, services, and technologies fall in the life cycle can help you…

    Reese Cooper Spring 2026 Menswear Collection

    June 29, 2025

    27% of Koreans aged 20–50 hold crypto, 70% eye more investments: Report

    June 29, 2025
    Our Picks
    Business & Entrepreneurship
    1 Min Read

    Are Your Tech Products Out of Date? Probably

    Understanding where your products, services, and technologies fall in the life cycle can help you…

    Luxury Goods & Services
    2 Mins Read

    Reese Cooper Spring 2026 Menswear Collection

    At 27, Reese Cooper has officially entered that stage in life where he needs to…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version