Broadcom (AVGO) Shares Skyrocket, What You Need To Know

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 5% in the morning session after stocks rebounded, following a broad-based sell-off the previous day. The Nasdaq was down 4%, while the S&P fell 2.7% as concerns over the ongoing trade war continued to spread. While those concerns haven’t exactly disappeared, it’s likely some investors looked to take positions in some of the beaten-down stocks,…