Over approximately the last three weeks, markets have been on the rise big-time. The S&P 500 closed just under $5,900 on May 14, just around 4% lower than the all-time high it reached in February. As market sentiment shifts, Broadcom (NASDAQ: AVGO), a leading semiconductor stock, has emerged as a top beneficiary. Despite at one point being down nearly 38% in 2025, Broadcom is now just slightly in the green this year as of the May 14 close.
The announcement of the trade deal between the U.S. and China boosted the stock. Shares jumped almost 12% within two days after the announcement. However, there were other highly positive recent pieces of news for Broadcom that the trade deal may somewhat overshadow.
