Why Broadcom Stock Rose Today
Investors cheered news of a multibillion-dollar deal with a tech titan.
Overview
Shares of Broadcom (NASDAQ: AVGO) climbed on Wednesday after the chipmaker struck a lucrative supply deal with Apple (NASDAQ: AAPL).
Image source: The Motley Fool.
The two companies will work together to develop "custom silicon components and cutting-edge wireless connectivity technologies for a wide range of Apple products," Apple announced on Wednesday.
Details
Source
Originally published at www.fool.com.
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