On July 9, Broadcom rose 3.5% in regular trading, trading at $397.49/share, with turnover of $18.37 billion. The stock continued its upward momentum following Apple's formal disclosure of a multi-year custom ASIC agreement with Broadcom.

On the news front, Apple previously revealed that the agreement is expected to exceed $30 billion in total value, under which Broadcom will produce over 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 and covers multiple generations of custom chips and advanced wireless connectivity technology for Apple products. Apple CEO Tim Cook called it the company's largest-ever commitment to American manufacturing.

In the options market, a $2.325 million sell put large order emerged, betting that the stock will not fall below $290 through January 2027. The Call/Put volume ratio stood at 1.95, reflecting a bullish skew in overall market sentiment. Within the semiconductor sector, peers also traded higher, with Micron Technology up 6.84%, Marvell Technology up 6.86%, AMD up 5.6%, and Intel up 5.02%.

(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.)