Why Broadcom Stock Fell 10% in September
Shares of Broadcom (NASDAQ: AVGO) were moving lower last month after the semiconductor designer known for network solutions and other chips offered underwhelming third-quarter results, and the stock responded to rumors that Google could drop it as a supplier.
According to data from S&P Global Market Intelligence, the stock finished the month down 10%.
As you can see from the chart below, the stock fell at the beginning of the month and continued to slide from there, responding to the broader sell-off in tech stocks as the Federal Reserve projected that interest rates would stay higher for longer.
Source Fool.com
Broadcom Ltd. Aktie
337,80 €
0,49 %
Volle Unterstützung für Broadcom Ltd.: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das Kursziel von 396 € für Broadcom Ltd. weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 337.8 € hin.
