Broadcom is trading at $395.68 (+3.03%) as semiconductor shares rebound following softer-than-expected June inflation data.
- The SOXX semiconductor ETF climbed 3.97%, fueled by improved sentiment in the memory-chip sector and major capital expenditure headlines.
- While no company-specific catalyst was reported, the stock is benefiting from a broad risk-on move and increased market expectations for supportive interest rate policy.