Broadcom Stock Rises on Extended Apple Silicon Deal

By EC Assets · Published 6 July 2026

Broadcom Inc. shares increased on Monday following an announcement regarding its supply agreement with Apple Inc. The semiconductor company extended its silicon deal with Apple through 2031. Broadcom stock climbed 4% on the news. This extension signifies a continued partnership between the two technology giants. Broadcom is identified by its NASDAQ ticker AVGO. Apple is identified by its ticker AAPL. The deal involves Broadcom supplying chips for Apple products. The previous agreement is now superseded by the new extension. This article is intended for informational purposes only. It does not constitute investment advice.