📈 Broadcom Market Cap Surges to $1.17 Trillion, Dips After Rate Cut, and Rebounds to $1.13 Trillion

On December 16, 2024, Broadcom reached a historic milestone, with its market capitalization soaring to $1.17 trillion—a remarkable 123% increase from $523 billion in December 2023. However, the Federal Reserve's rate cut on December 17 triggered a sharp 11.7% decline, bringing its market cap down to $1.03 trillion by December 20. By December 27, Broadcom rebounded strongly, recovering to $1.13 trillion.