Broadcom Ltd is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions
The company specializes in producing chips that facilitate communication and data processing across various devices and networks, including those used in smartphones, enterprise storage systems, broadband access, and data centers. Additionally, Broadcom offers software solutions that enable businesses to optimize their operations, manage network security, and enhance performance across cloud-based and on-premises environments. Through its comprehensive portfolio, Broadcom plays a critical role in advancing connectivity and computing technologies in various industries.
Shares of fabless chip and software maker Broadcom (NASDAQAVGO)
fell 6.3% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored the urgent need to plan ahead and factor the potential downside of the tariffs into their financial forecasts. Key concerns included rising production costs, which are often passed on to consumers, and the risk of inflation, further heightening economic uncertainty.
The Reuters report also stated that Advanced Micro Devices (AMD) is evaluating Intel’s technology but did not confirm whether AMD has submitted test chips for production.
Shares of computer processor maker Intel (NASDAQINTC)
jumped 6.6% in the pre-market session after Reuters reported that Broadcom and Nvidia are running tests on Intel's 18A manufacturing process, highlighting the company's (INTC) progress and the potential to attract high-caliber customers. With high expectations surrounding Intel's Foundry business, these updates lend credibility to the growing hype, and even the speculation about a potential acquisition on the unit, suggesting there may be real substance behind it.
Stay tuned for the market movements in the S&P500 index on Monday. Check out the gap up and gap down stocks in the S&P500 index during today's session.
Stocks fell broadly on Monday to start the month of March with all three major indices red in midday trading. Investors digested a decline in February's ISM Manufacturing PMI data which fell to 50.3%, down from 50.9% in January.
Former Intel CEO Craig Barrett has criticized proposals to split the company, blaming the board for its decline and arguing that firing them and reinstating Pat Gelsinger would be a smarter move as Intel fights to regain its competitive edge against TSMC and Broadcom amid financial struggles and production delays.
