Amid all of the tariff-related volatility in the market, semiconductor leader Broadcom (NASDAQ: AVGO) has fared better than many. Since Trump’s tariff announcement hit markets on Apr. 3, shares of Broadcom are up nearly 8% as of the Apr. 9 close.
However, Broadcom dropped over 10% on Apr. 3 in reaction to the Liberation Day announcement.
It dropped another 5% the next day as the Chinese announced reciprocal tariffs. Thus, markets clearly feel Broadcom has some tariff risk.
This comes even…
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