(NASDAQ: AVGO) stock is seeing another substantial pullback amid the backdrop of a broader trend for valuations in the artificial intelligence (AI) space. The company's share price was down 5.5% as of noon ET Thursday. Meanwhile, the S 500 (SNPINDEX: ^GSPC) had fallen 1.2%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was off 1.8%.

Investors are continuing to move out of AI stocks in response to valuation concerns, and Broadcom is among the big names in the category getting hit with sell-offs. Despite the pullback, the connectivity-chip leader's stock is still up 44.5% in 2025 as of this writing.

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Source Fool.com