Broadcom climbs 9% amid AI and chip stock rebound

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[analysing stock market data] Alistair Berg/DigitalVision via Getty Images Broadcom (AVGO [https://seekingalpha.com/symbol/AVGO]) shares rallied almost 9% on Monday, joining a broad rebound in AI and semiconductor stocks following a sharp sector-wide selloff earlier in the week. The semiconductor and infrastructure software giant closed at $319.48, adding $25.79 on the session. The stock's recovery came as AI-related equities bounced back after a steep decline on November 5, when concerns that post-election political scrutiny could slow data-center construction and infrastructure spending dragged Broadcom and other chip names sharply lower. Read more on that selloff here. [https://seekingalpha.