Why AI Stocks Broadcom, Meta Platforms, and Intel Were Down Today
Broadcom(AVGO) The Motley Fool·2024-07-11 18:05In a counter-intuitive move, great inflation news caused a tech sell-off. Here's why.Shares of most big tech names and AI beneficiaries, including Broadcom (AVGO -4.12%), Meta Platforms (META -4.84%), and Intel (INTC -4.32%) were down on Thursday, falling 3.1%, 3.8%, and 4.2%, respectively, as of 1 p.m. ET.The across-the-board declines in some AI winners could happen for any number of reasons, such as bad news on the AI investment front, or a marketwide pullback.But that's not what's happening today. In fac ...