CNBC November 24, 2025
Key Points
– Monday’s puts Broadcom shares on pace for their best day since April 9.
– The move in Broadcom comes as investors continue to push shares of Google-parent Alphabet higher.
– The two are related through high-performance, application-specific chips, or ASICs.
Broadcom shares rallied more than 10% on Monday, as investors poured back into several high-flying tech companies tied to the artificial intelligence trade. Wall Street is also taking notice of the chipmaker as a derivate play of Alphabet’s growing AI dominance.
Broadcom — one of the biggest suppliers of high-performance, application-specific chips, or ASICs, for hyperscalers — has been on a tear this year, rallying 60% year to date. Monday’s puts Broadcom shares on pace for...
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