Broadcom stock jumps into long weekend as AVGO rebounds; Intel earnings and China VMware fallout in focus
Broadcom shares closed up 2.6% at $351.71 Friday as chip stocks rallied, recovering from a midweek drop linked to China’s ban on VMware software. The Philadelphia SE Semiconductor index rose 1.2%. Investors are watching for Intel’s earnings and U.S. inflation data due Jan. 22. U.S. markets will be closed Monday for a holiday.