Apple Shares Surge Over 4% on Confirmed $30B Broadcom Deal

Apple stock jumped more than 4% on July 10 after Broadcom confirmed the expanded $30 billion chip-supply agreement through 2031. The story began July 6 with a simple partnership extension that lifted Broadcom shares 5%. On July 8 the deal was quantified at over $30 billion, including Broadcom’s $1.5 billion Fort Collins investment to produce 15 billion U.S.-made chips. Tim Cook’s July 9 comments reinforced the agreement, highlighting Apple’s $600 billion domestic commitment and positioning Broadcom as the primary near-term beneficiary ahead of Cook’s September transition.