The Latest Breaking News from Broadcom

We have a few late reporting companies on the earnings front this week with Broadcom, Gamestop, Oracle, Costco, Adobe, Lennar and Toll Brothers all set to report.

AMD shares have been underperforming both the market and their peers since the chipmaker's third-quarter update in late October.

Broadcom took 2,000 of its biggest customers to itself, but it’s handing back 1,500 back to channel partners.

Bullish speculators seemingly lack no shortage of justifications for their stance in semiconductor and software giant Broadcom Inc. (NASDAQ:AVGO). Earlier in the week, AVGO stock shot up amid the backdrop of the U.S. government announcing its latest round of sanctions, specifically targeting the Chinese semiconductor industry.

Whales with a lot of money to spend have taken a noticeably bullish stance on Broadcom.

Shares of Broadcom have gained roughly 3.5% since Monday's open. The U.S. government announced its latest sanctions targeting China's semiconductor industry.

Broadcom has outperformed the Nasdaq over the past year, and analysts are highly optimistic about the stock’s prospects.

Bridgewater Associates, the world's biggest hedge fund, sold top AI-linked stocks like Nvidia, Alphabet, Microsoft, Amazon, and Johnson & Johnson.

Shares of Broadcom rose 2.5% Monday morning. The U.S. government announced its latest round of sanctions targeting China's semiconductor industry.