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Summary
Broadcom (AVGO) closed at $319.48 on November 9, 2026, up 8.78% and 6.04 percentage points ahead of the Nasdaq Composite.
TIKR tied the move to a chip stock bounce after Nvidia's board said it would investigate a relationship involving CEO Jensen Huang.
Broadcom's fiscal fourth-quarter results are due on December 9, per GuruFocus and TIKR, against company guidance of $21.7 billion in AI semiconductor revenue.
Gotrade News - In the latest Broadcom stock news, Broadcom (AVGO) closed at $319.48 on Monday, November 9, 2026, up $25.79 or 8.78% in the US session. Broadcom stock beat the Nasdaq Composite's 2.74% gain as chip stocks bounced, according to TIKR.
AVGO Trading Data
Data
Value
Closing price
$319.48
Change
+$25.79 (+8.78%)
Previous close
$293.69
Open
$305.29
Day range
$304.29 to $323.05
Volume
36.7 million shares
30-day average volume
23.4 million shares
52-week range
$289.77 to $495.00
Market cap
$1.53 trillion
Regular-session close on Monday, November 9, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 10, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Broadcom opened above Friday's close and stayed above it all day, finishing $15.19 above its intraday low and near the top of the session's range. Trading was heavy, with volume running 56.79% above the average.
The broader market also rose. The Nasdaq Composite gained 2.74% to 25,253.14, the S&P 500 added 2.35% to 7,549.94 and the Dow Jones Industrial Average rose 2.15% to 52,389.75, while the US 10-year Treasury yield edged up 0.5 basis points to 4.86%. Broadcom finished 6.04 percentage points ahead of the Nasdaq.
Chip peers moved in different directions. AMD (AMD) rose 13.26% and Marvell (MRVL) gained 9.49%, while Nvidia (NVDA) fell 4.27%. Even after Monday's rise, Broadcom stock sits 35.46% below its 52-week high and 10.25% above its 52-week low.
According to TIKR, chip stocks bounced after Nvidia's board said it would investigate a relationship involving CEO Jensen Huang. TIKR wrote that Broadcom's gain "had nothing to do with Google," even though Google unveiled two new versions of its TPUs the same day.
As reported by GuruFocus, the rally came after the chipmaker set December 9 for its fiscal fourth-quarter and full-year results, with investors eyeing its $21.7 billion AI revenue guidance. GuruFocus also cited Investing.com pointing to Broadcom's VM API project entering the Cloud Native Computing Foundation Sandbox.
That guidance comes from the company itself. According to Broadcom's September 2 results release, the company expects fiscal fourth-quarter revenue of about $34.8 billion, up 93% from a year earlier, including AI semiconductor revenue of $21.7 billion, up 236%.
AVGO Stock Analysis: Supporting Factors and Risks
Supporting Factors
AI chip demand: per Broadcom's third-quarter release, revenue rose 86% to $29.6 billion and AI semiconductor revenue grew 221% to $16.7 billion, with CEO Hock Tan saying demand for its custom AI accelerators and networking "continues to be very strong."
Google TPU work: TIKR noted that Broadcom disclosed, in an April 6 filing, a deal to supply Google with TPUs and networking through as late as 2031, and cited Bloomberg Intelligence, which expects TPU sales to grow from about $12 billion this year to more than $135 billion by 2028.
Risks
Recent swings: TIKR noted that Broadcom had dropped 15% in the prior week before Monday's rebound, and GuruFocus noted the stock had set its 52-week low only days earlier.
Competition at Google: according to TIKR, Broadcom's management expects Google to use other suppliers, and MediaTek is building a version of Google's next TPU.
Results test: Broadcom's earnings report is due on December 9, per GuruFocus and TIKR, and GuruFocus framed AI semiconductor revenue against the $21.7 billion guidance as the key point to watch.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
