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Barchart
Barchart
Wajeeh Khan

AVGO Stock Alert: What to Know as Broadcom, Apple Announce Expanded 5-Year Chip Deal

Broadcom (AVGO) shares extended gains on July 6 following news that the company has expanded its chip partnership with Apple (AAPL) through 2031.

As investors cheered this expanded multi-billion-dollar collaboration with the iPhone maker, AVGO ripped through its 100-day and 200-day moving averages (MAs), indicating shifting momentum in favor of the bulls.

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