Broadcom Higher on Apple Pact; Energy Stocks Rally; TeraWulf Gains
Today’s biggest winners and losers in the stock market. On this episode of Stock Movers: Shares of Broadcom (AVGO) rallied ahead of the Wednesday close after Apple indicated that it plans to follow through on a pledge to boost spending on US-made components. The iPhone maker says its expanded agreement with Broadcom is expected to top $30 billion. The deal will involve manufacturing more than 15 billion chips in the US, supporting hundreds of jobs, Apple said in a statement Wednesday. Apple will also help Broadcom upgrade its production facilities in Colorado. The announcement sheds new…
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