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