Broadcom in pre-market at $349.57 (+2.85%) after 4.15% drop on January 14

Broadcom (AVGO) shares experienced significant volatility, initially falling over 4% on reports of China blocking Nvidia H200 chip imports, but quickly rebounded in pre-market trading the next day following news that the ban was eased to a quota system and strong earnings from TSMC.

• The stock closed on January 14 at $339.89, reflecting a 4.15% decline amid the broader tech sector plunge.
• Shares recovered 2.85% in pre-market trading on January 15, reaching $349.57, tracking a general tech rebound.
• Analysts maintain a Strong Buy rating with a median price target of $457.73, despite technical analysis citing negative pressures from SMA50 resistance.