Why Broadcom Stock Slipped Today
Wednesday wasn't an ideal day to plow money into artificial intelligence (AI)-linked stocks. A media report stated that a major AI adopter was easing off on selling AI-enhanced products, which affected stocks like chip maker (NASDAQ: AVGO). The company's shares declined marginally, on a day when the benchmark S 500 index bumped 0.3% higher.
That report appeared on tech industry news website The Information. According to a digest of the article from Investing.com, the site reported that an unspecified number of Microsoft divisions have reduced their sales growth targets and quotas for AI products.
Image source: Getty Images.
Source Fool.com
Microsoft Corp. Aktie
406,45 €
0,27 %
Microsoft Corp. sticht hervor mit 139 Buy- und nur 3 Sell-Einschätzungen.
Ein Kursziel von 495 € für Microsoft Corp. könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 406.45 € führen.
