Why Broadcom Stock Is Plummeting Today
Shares of the semiconductor company Broadcom (NASDAQ: AVGO) were falling hard today as the broader market turned red once again. Investors are still trying to figure out what to do amid President Donald Trump's chaotic rollout, and subsequent rollback, of some import tariffs.
Semiconductor stocks, including Broadcom's, are also likely reeling as investors process the news that China and the U.S. are in a full-blown trade war. A significant percentage of Broadcom's revenue came from China last year.
As a result, Broadcom's stock is down 7% as of 11:37 a.m. ET.
Source Fool.com
Broadcom Ltd. Aktie
364,25 €
1,04 %
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