Broadcom is trading at $10.62 (8.59% up) after Apple announced a multi-year supply deal expected to exceed $30 billion.
- The agreement runs through 2031 and covers the production of wireless and radio-frequency chips.
- Broadcom will invest $1.5 billion to expand its Fort Collins factory as part of the manufacturing commitment.
- While broader semiconductor strength and improved tech sentiment are supportive, the rally is primarily driven by this company-specific catalyst.