Why Broadcom Stock Slipped Today
Wednesday wasn't an ideal day to plow money into artificial intelligence (AI)-linked stocks. A media report stated that a major AI adopter was easing off on selling AI-enhanced products, which affected stocks like chip maker (NASDAQ: AVGO). The company's shares declined marginally, on a day when the benchmark S 500 index bumped 0.3% higher.
That report appeared on tech industry news website The Information. According to a digest of the article from Investing.com, the site reported that an unspecified number of Microsoft divisions have reduced their sales growth targets and quotas for AI products.
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Source Fool.com
Microsoft Corp. Stock
€337.85
-0.220%
Our community is currently high on Microsoft Corp. with 164 Buy predictions and 5 Sell predictions.
With a target price of 501 € there is a positive potential of 48.29% for Microsoft Corp. compared to the current price of 337.85 €.
