Broadcom Inc is trading 3.6% up today at $399.69 as shares rebound from a sharp sell-off following its June 3 earnings release.
- Broadcom recently raised its AI revenue outlook to $16 billion, but the stock faced initial profit-taking after the company kept its $56 billion full-year AI target unchanged.
- The current move marks a partial recovery for the semiconductor sector, which is trending higher alongside a stronger Nasdaq.