Broadcom rose 4.53% in pre-market trading, now trading at $480.71.

Broadcom rose 4.53% in pre-market trading, trading at $480.71. In terms of news, HSBC has raised Broadcom's target price from $450 to $600, coupled with Nvidia's announcement of entering the PC processor market driving strength in the technology sector, leading to Broadcom's pre-market increase.