Why Broadcom Stock Is Tumbling Again Today
Shares of the semiconductor company (NASDAQ: AVGO) were falling this morning as investors continued to exit the broader tech sector amid tariff concerns. Broadcom's stock is down nearly 18% over the past month on growing fears that the massive spending in the artificial intelligence (AI) space could soon come to an end.
Broadcom's stock was down by 3.8% as of 11:08 a.m. ET.
Most tech investors are concerned that President Trump's tariff threats could cause the cost of many goods in the U.S. to spike. While the administration has declined to enact some tariffs, others have already begun, and a slew of new ones could kick in over the next few days.
Source Fool.com
Broadcom Ltd. Stock
€289.55
-4.880%
The stock is one of the favorites of our community with 94 Buy predictions and 2 Sell predictions.
As a result the target price of 342 € shows a slightly positive potential of 18.11% compared to the current price of 289.55 € for Broadcom Ltd..
