Broadcom Stock Gets a Lift on Apple Chip Deal: 3 Reasons Investors Should Pay Attention to AVGO

By |2023-12-07T20:50:42+00:00May 24th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , |

This morning, Apple (AAPL) and Broadcom (AVGO) announced a multibillion-dollar deal between the two companies. Apple will rely on Broadcom to produce its 5G radio frequency components right here in the US. In 2021, Apple announced its intention to invest $430 billion in the U.S. economy, amidst backlash of overseas production. CEO Tim Cook [...]