AVGO is trading at $339.67 (+2.97%) as tech stocks rebound, driven by a broader market rally following the softer-than-expected CPI print.
- US equity markets are up, with the S&P 500 +0.79% and NASDAQ +1.02%, easing inflation fears.
- Tech and AI names are leading gains after a sharp pullback on December 17 due to valuation concerns.
- The current rebound is further supported by strong earnings reported by Micron.