By Samuel O’Brient
Publication Date: 2026-04-07 13:52:00
The move: Broadcom stock jumped 4% on Tuesday, extending a week of gains. The chip maker has been battling high volatility since 2026 began and is currently down 7% year-to-date.
Why: Broadcom’s positive stock momentum on Tuesday can be attributed to two new deals.
The company announced on Monday in an 8-K filing that it has entered into a long-term agreement with Google to develop custom Tensor Processing Units (TPUs), a type of AI chip designed to support machine learning…
