Broadcom stock jumps early as AI chip trade steadies to start 2026
Broadcom shares climbed 2.8% to $355.71 in early New York trading Friday, rebounding after a late-December slide in chip stocks. The S&P 500 and Dow each gained about 0.3% as U.S. markets reopened for 2026. Investors are watching next week’s jobs and inflation data for signals on Federal Reserve rate policy.