Why Broadcom Stock Is Rising Today

Why Broadcom Stock Is Rising Today Scott Levine, The Motley Fool Mon, July 6, 2026 at 5:36 PM GMT+2 2 min read AVGO NVDA AAPL Sometimes, it just takes the mention of a new deal with a prominent customer for a stock to grab investors' attention. This is clearly demonstrated today with Broadcom (NASDAQ: AVGO) stock after the company reported an update on a collaboration with a well-known partner in a regulatory filing. As of 10:41 a.

m ET, shares of Broadcom are up 5%. Missed Nvidia in 2009? This Rare Signal Is Flashing Again.

 In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.  For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.   Continue » Image source: Getty Images.

A peek at a partnership that extends for (at least) five more years Broadcom reported in a regulatory filing today that it and Apple (NASDAQ: AAPL) have reached an agreement to expand their technology collaboration through 2031. According to the filing, Broadcome will "develop and supply a range of custom ASIC [application-specific integrated circuits] silicon products for use in multiple generations of Apple products. In 2023, Apple announced a multi-billion-dollar deal with Broadcom to develop 5G radio frequency and wireless connectivity components.

Broadcom provides ASIC silicon products for a variety of applications, including data centers and cloud infrastructure. Is Broadcom stock a buy on news of its continued collaboration with Apple? Even before news of its expanded partnership with Apple, Broadcom stock was a great option for those seeking exposure to leading semiconductor stocks -- especially those benefiting from the boom in artificial intelligence (AI).

With Broadcom keeping Apple on its dance card for another five years, the tech stock, moreover, is even more attractive. Should you buy stock in Broadcom right now? Before you buy stock in Broadcom, consider this: The Motley Fool  Stock Advisor  analyst team just identified what they believe are the  10 best stocks  for investors to buy now… and Broadcom wasn't one of them.

 The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when  Netflix  made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,  you'd have $418,761 !

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Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Broadcom. The Motley Fool has a disclosure policy .