Broadcom: Why Broadcom Stock Jumped Today
After sell-offs yesterday, Broadcom (NASDAQ: AVGO) stock rebounded in Friday's trading. The company's share price ended the day's trading up 5.4%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) climbed 1.8% and 2.1%, respectively.
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Broadcom is a California-based technology company that designs, develops and supplies semiconductor equipment, software products and security solutions for various industries.
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