Broadcom stock edges up as chip shares rally to start 2026; AI valuations back in focus
Broadcom shares rose 0.44% to $347.62 Friday, trailing a 4% jump in the Philadelphia SE Semiconductor index. Advanced Micro Devices and Nvidia outpaced Broadcom, gaining 4.35% and 1.26% respectively. The Dow climbed 0.66%, the S&P 500 added 0.19%, and the Nasdaq slipped 0.03%. Broadcom closed about 16% below its 52-week high after warning of margin pressure from AI product sales in December.