CNBC Daily Open: The U.S.-China deal revives markets and the idea of a 'Trump put'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2025
0mins
Should l Buy AVGO?
Source: CNBC
U.S.-China Trade Agreement: The U.S. and China have agreed to reduce tariffs from 125% to 10% for 90 days, while maintaining a 20% levy on fentanyl-related imports, resulting in a total tariff of 30%. This deal has significantly boosted investor confidence, leading to a surge in stock prices.
Market Reactions and Future Implications: The trade deal has sparked optimism among investors, reminiscent of the "Trump put," as major technology and consumer stocks rallied. However, there are concerns about rising costs and potential price increases due to anticipated surges in freight shipments and pent-up demand.
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Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVGO is 462.58 USD with a low forecast of 390.00 USD and a high forecast of 525.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
27 Buy
1 Hold
0 Sell
Strong Buy
Current: 332.920
Low
390.00
Averages
462.58
High
525.00
Current: 332.920
Low
390.00
Averages
462.58
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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