By Kirti Tak
Publication Date: 2025-11-20 10:54:00
Broadcom (AVGO) stock is rising in pre-market trading, extending its winning streak from the previous session. AVGO is up nearly 3% early Wednesday after gaining 4% yesterday. The rally is being driven by Nvidia’s (NVDA) strong Q3 earnings, which eased concerns about an AI bubble and lifted investor sentiment. Broadcom shares also rose following the company’s announcement of new product launches on Wednesday.
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Nvidia reported stronger-than-expected quarterly earnings, easing concerns that AI-driven stock prices had surged too high. In the last few days, investors have been cautious about the ongoing AI bubble, resulting in a tech sell-off. The company’s forecast reassured markets that demand for AI chips and data centers remains strong.
Investors often view Nvidia’s performance as a benchmark, which can drive increased buying interest in related chipmakers like Broadcom. Strong results from Nvidia may also boost…
