Broadcom’s Market Value Jumps $188 Billion in Apple Week—Six Times the Deal’s Worth
Broadcom Inc. closed Friday at $399.97, up 11% from July 2. Apple Inc. revealed a five-year U.S. chip deal with Broadcom that is expected to top $30 billion. Broadcom’s market cap increased by about $188 billion this holiday-shortened week, based on the company’s latest share count.