Why Broadcom Stock Is Slipping Today
After a two-session surge driven by the emergence of the chipmaker's artificial intelligence (AI) business in the fiscal fourth-quarter earnings report it delivered on Thursday, Broadcom (NASDAQ: AVGO) was pulling back Tuesday morning alongside the broader semiconductor sector.
While there wasn't any company-specific news about Broadcom, its sell-off was indicative of a larger trend. As of 11:59 a.m. ET, the stock was down 4.4%.
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Source Fool.com
Broadcom Ltd. Stock
€306.70
-11.700%
With 94 Buy predictions and 2 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 342 € there is a slightly positive potential of 11.51% for Broadcom Ltd. compared to the current price of 306.7 €.
