Amid all of the tariff-related volatility in the market, semiconductor leader Broadcom NASDAQ: AVGO has fared better than many. Since Trump's tariff announcement hit markets on Apr. 3, shares of Broadcom are up nearly 8% as of the Apr. 9 close.
With the recent stock market crash, a number of tech stocks have suddenly gone on sale with attractive valuations. While there remains a lot of uncertainty in the market about what happens now that tariffs have been implemented, these stocks should do well over the long term.
President Trump's announcement of tariffs on imports from countries worldwide has rocked the stock market -- and the tech-heavy Nasdaq Composite (^IXIC 12.16%) has led the decline, crashing more than 20% from its most recent high.
Broadcom (AVGO 18.31%) stock posted explosive gains in Wednesday's trading amid a dramatic recovery for the broader market. The company's share price closed at 18.3% in the daily session.
Like the rest of the stock market, Broadcom (AVGO 3.82%) was hit hard by the stock market sell-off. The two-day crash that followed President Donald Trump's tariffs announcement pushed Broadcom stock down 15%.
Broadcom Inc (NASDAQ: AVGO) continues to struggle as China vowed “resolute and forceful” measures after the US raised its tariffs further on imports from Asia's largest economy to more than 100%. Escalating Sino-US trade tensions are meaningful for AVGO as it currently generates some 20% of its overall revenue from Beijing.
In today's video, I discuss Broadcom (AVGO 1.20%) , Nvidia (NVDA -1.64%), and what semiconductor stock investors should know about recent updates. To learn more, check out the short video, consider subscribing, and click the special offer link below.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.