Broadcom stock price rises as chip rally returns — China curbs and RBC call in focus
Broadcom shares rose 1.8% to $349.27 Friday morning, rebounding after a midweek drop linked to reports China told firms to stop using VMware software. RBC began coverage with a Sector Perform rating and $370 target, citing uncertainty in AI demand. Broadcom recently issued $4.5 billion in senior notes for general purposes and debt repayment. Chip stocks broadly gained after TSMC’s strong results and 2026 spending plans.
