Why Broadcom Stock Is Tumbling Today
Shares of (NASDAQ: AVGO), a semiconductor designer, are falling Monday as investors grow increasingly concerned about President Donald Trump's tariffs and economic decisions.
On Monday, Trump again called on Federal Reserve Chairman Jerome Powell to lower interest rates. The Fed operates independently from the White House and the rest of the federal government, but Trump has ratcheted up his expressions of displeasure with Powell, and presidential aides are reportedly looking for ways that the administration might be able to fire Powell legally before his term as chairman is up in 2026. However, as Washington-focused news website The Hill pointed out on Friday: "A 90-year-old Supreme Court precedent likely protects Powell from being fired by the president for anything other than misconduct or severe neglect of office."
Investors are concerned that if the Fed were to lose its independence, it would lead to turmoil in the markets and the economy. They're also concerned about reports that the administration is still considering additional tariffs on semiconductors.
Source Fool.com
Broadcom Ltd. Stock
With 93 Buy predictions and 2 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 320 € there is a slightly positive potential of 9.55% for Broadcom Ltd. compared to the current price of 292.1 €.
