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Why Broadcom Stock Is Plummeting Today

TheMotleyFool 
0 0 10.04.25
Why Broadcom Stock Is Plummeting TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png
 

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.

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Source Fool.com

Broadcom Ltd. Stock

€361.20
0.190%
Broadcom Ltd. gained 0.190% compared to yesterday.
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 404 € shows a slightly positive potential of 11.85% compared to the current price of 361.2 € for Broadcom Ltd..
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