Broadcom Stock Is Surging Friday: What's Going On? - Broadcom (NASDAQ:AVGO)

Benzinga · Anusuya Lahiri · 2026-11-06 14:17 UTC

Broadcom (AVGO) rebounds 6% premarket after a steep tech rout as investors reassess AI infrastructure spending.

Broadcom Inc. (NASDAQ:AVGO) stock rebounded nearly 6% in Friday’s premarket trading as investors reassessed AI infrastructure spending prospects following a steep technology selloff.

The rebound followed a more than 10% plunge Thursday, when concerns over data-center construction and the potential impact of the U.S. midterm election results on AI infrastructure expansion rattled investors.

The broader market rout wiped out an estimated $3.2 trillion in market value in a single session. The Nasdaq 100 tumbled 6.4%, while the S&P 500 sank 4.4% as investors questioned the sustainability of the AI spending boom.

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