By Evette Mitkov
Publication Date: 2025-11-24 19:07:00
Broadcom Inc (NASDAQ:AVGO) shares surged higher on Monday as tech and semiconductor companies joined a wider market recovery. The rally gained momentum after Federal Reserve Governor Christopher Waller‘s signal of support for a December rate cut, improving sentiment across industries.
What Happened: Wall Street’s major indexes have climbed, led by strength in tech and mega-cap stocks, as hopes for a December Fed rate cut encouraged investors to take on more risk, according to Reuters.
Although caution from other policymakers calls attention to ongoing divisions ahead of the Federal Open Market Committee (FOMC) meeting next month, dovish remarks from Waller and Fed official John Williams helped soothe policy concerns and pause the recent selloff.
According to CME Group’s FedWatch Tool, investors now see a 76.9% chance of a 25-basis-point rate cut next month, up from 42% a week ago, despite differences within the Fed.
AVGO Analysis
Broadcom is trading about 7.5% above its 50‑day…
