Zinger Key Points
- Broadcom stock rose considerably over the month of November
- The stock has pulled back from recent strength over the past week
- Get the Real Story Behind Every Major Earnings Report
Broadcom Inc. AVGO shares traded lower on Monday. The stock has pulled back from recent strength over the past week.
What To Know: Broadcom stock has trended higher over the month of November. Tailwinds which boosted the stock early in the month included overall tech strength, AI optimism and strong financial results from TSMC, Qualcomm, and Navitas.
Shares were propelled further in mid-November by overall market strength following softer-than-expected October inflation data.
However, the stock began to pull back from its strength last week. On Nov. 22, the company announced that it completed its acquisition of VMware Inc VMW. Broadcom stock has continued to pull back into the current week.
Related Link: Why Safety Shot Stock Popped Today
AVGO Price Action: Shares of AVGO were up 0.02% at $950.40 in the after-hours session at the time of publication, according to Benzinga Pro.
Image by Dan Williams from Pixabay
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
