Broadcom (AVGO) shares surged 5.43% to $327.37 during morning trading on February 6, leading a broader technology sector rebound, driven by renewed investor risk appetite for AI infrastructure providers.
- The company is a core provider of custom AI chips and networking gear, benefiting significantly from the renewed risk appetite and dip-buying in technology stocks.
- This strong recovery follows several sessions of declines caused by investor anxiety over massive capital expenditure forecasts for AI infrastructure from Big Tech giants.