Broadcom Shares Edge Up 0.3% Overnight After 10-Year Docomo Deal
Broadcom shares rose 0.3% late Monday after a 10-year cloud agreement with NTT Docomo, while retail skepticism persisted over CEO Hock Tan’s AI “casino” remarks.
Broadcom, Inc. (AVGO) shares recovered from overnight losses, gaining 0.3% late Monday. The move followed a 10-year cloud agreement with NTT Docomo, which did little to allay retail skepticism as traders looked for a recovery catalyst after CEO Hock Tan’s AI “casino” remarks. AVGO rose nearly 2% on Monday before the close at…