Why Broadcom Stock Slumped Today
On Thursday, a media report that two notable companies were teaming up to develop next-generation microprocessors raised concerns about 's (NASDAQ: AVGO) future. This, in turn, inspired a cautious sell-off of the chipmaker's stock. By the end of that trading session, the company's shares had declined by more than 2%.
That morning, popular tech industry news site The Information published an article stating that artificial intelligence (AI) company Anthropic has started developing its own AI chips. It has also engaged in talks with Korea-based electronics giant Samsung about manufacturing them.
Source Fool.com
Broadcom Ltd. Stock
€336.40
4.110%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 396 € there is a slightly positive potential of 17.72% for Broadcom Ltd. compared to the current price of 336.4 €.
