Broadcom (AVGO) Stock Moves Higher Following Fed Rate Decision

Shares of Broadcom (AVGO, Financial) surged by 3.57% as the market experienced a rebound amidst prevailing volatility. This movement came in the wake of the Federal Open Market Committee’s decision to keep interest rates steady at 4.25% to 4.50%, alongside hints of potential rate cuts due to rising economic uncertainty.

Broadcom Inc., showcased strong market performance with a current share price of $195.41. With a market capitalization of approximately $918.78 billion, Broadcom is a major…