AVGO

The agreement aims to manufacture more than 15 billion chips in the US and create hundreds of jobs.

Broadcom rallied on a $30 billion Apple chip commitment and Nvidia climbed on a value case, while a weak Amazon bond sale hinted at cooling AI-capex appetite. Overnight, Trump declared the Iran ceasefire over and U.S. strikes on more than 80 targets sent oil and Treasury yields higher heading into Thursday's open.

Investors cheered news of a multibillion-dollar deal with a tech titan.

Broadcom stock got a new Apple-backed catalyst just as Wall Street was questioning how much good news was already priced in. TheStreet previously reported that Broadcom extended its Apple chip supply agreement through 2031, locking in a key supplier relationship for multiple generations of Apple ...

The diversified semiconductor giant couldn't quite live up to high expectations in its second-quarter earnings report.

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 5.2% in the afternoon session after the company confirmed an expanded, multi-year partnership with Apple exceeding $30 billion for custom silicon components and wireless technologies.