Why Broadcom Stock Was Up 4% Today

·2-min read
Why Broadcom Stock Was Up 4% Today

Shares of semiconductor design giant Broadcom (NASDAQ: AVGO) were up 4% today at market close, pushing the stock to new all-time highs as the market overall was digesting early research that the omicron coronavirus variant will perhaps be less severe than the delta variant. All individual stocks, even slower-growing but stable behemoths like Broadcom, are volatile in nature and can swing up and down from day to day and month to month. Broadcom is a case in point.

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