Broadcom(US:AVGO) Bloomberg Television·2025-11-24 21:41Market Performance - Semiconductor sector shows mega outperformance, up almost 5% [2] - S&P 500 finishes just over 1.5% higher at 6700, NASDAQ up 2.7%, Dow Jones up about 0.4% [6] - Communication services sector up 4%, tech up 2.5%, consumer discretionary up 1.8% [7] - Broadcom up 11% and Micron up 8% as top gainers in both S&P 500 and NASDAQ [9] Company Specifics - Micron's price target raised to $338 from $325 by Morgan Stanley [10] - HSBC adjusts Broadcom's price target to $535 from $400, maintaining a buy rating [12] - Alphabet up about 6.3%, nearly 70% year-to-date [12] - E W Scripps offered to be acquired by Sinclair for $7 per share in cash and stock, a 70% premium over Scripps' close on November 21st [13] - Novo Nordisk down 5.6% after a pill version failed to slow the progression of Alzheimer's disease in late-stage studies [13][14] - Copart shares down 4.5%, touching the lowest since 2023, J P Morgan analyst lowered the price target to $45 from $50 [15] - Zoom's third-quarter adjusted EPS at $1.52, better than the estimate of $1.44; fourth-quarter revenue projected at $1.23 billion to $1.24 billion [21] Market Trends - Nasdaq 100 trading volume is down about 45% from the average due to the holiday-shortened week [4] - Bitcoin is still below $90,000 a coin [4] - Alcohol consumption in the US is at its lowest level in decades, with Gen Z driving the trend towards cannabis and other mind-altering substances [24] - The day before Thanksgiving is the second biggest day of the year for legal U S cannabis sales [25]