On July 9, Broadcom rose 3.24% in pre-market trading, trading at $400.89/share, with turnover of $233 million. The stock continued its upward momentum following the disclosure of a landmark partnership with Apple.

On the news front, Apple officially unveiled details of a multi-year custom ASIC agreement with Broadcom valued at over $30 billion. Under the deal, Broadcom will produce more than 15 billion chips in the United States and invest $1.5 billion to expand capacity at its Fort Collins, Colorado facility. The partnership extends through 2031, covering multiple generations of Apple product custom chips and cutting-edge wireless connectivity technology. Apple CEO Tim Cook called it the largest Made-in-America manufacturing commitment in the company history.

In the options market, a $2.325 million sell put large order emerged, betting that the stock will not fall below $290 through mid-January 2027. The Call/Put volume ratio stood at 1.95, indicating overall bullish sentiment among traders.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)