Broadcom Inc. shares rose in pre-market trading on August 20, 2026. The stock fell nearly 5% during the previous session.
A custom-chip agreement between Marvell Technology and Google triggered the initial selloff. This partnership raised concerns regarding increased competition for Broadcom.
Cathie Wood’s ARK Invest purchased over 55,000 Broadcom shares following the decline. The transaction is valued at more than $20 million.
Broadcom will report fiscal third-quarter 2026 results on September 2.