New York, Jan 15, 2026, 09:34 EST — Regular session
Broadcom shares climbed early Thursday following a Wells Fargo upgrade. The chipmaker’s stock gained 1.7%, hitting $345.74, recovering some ground after a sharp drop the previous day. (MarketScreener)
Why it matters now: Broadcom is deeply embedded in the data-center surge, providing both chips and networking equipment, along with owning VMware, a key player in infrastructure software. The stock slid over 4% Wednesday after Reuters reported that Beijing ordered local companies to halt use of cybersecurity software from more than a dozen U.S. and Israeli firms, including VMware, which Broadcom owns. (Reuters)
Investors are shifting away from expensive growth stocks amid renewed trade tensions, even as optimism for AI-related demand resurfaces with fresh chip updates. Reuters’ Morning Bid noted that “blockbuster” earnings from Taiwan Semiconductor might ease market nerves after tech stocks dipped…
