CEO Hock Tan Sold 7,500 Shares of Broadcom (AVGO) Stock

Semiconductor stalwart Broadcom (NASDAQ:AVGO) finally started to see some weakness hit its otherwise incredible market performance. Following news that CEO Hock Tan offloaded 7,502 shares of AVGO stock, the high-flying equity dipped conspicuously. The red ink comes amid rising concerns that the broader artificial intelligence (AI) ecosystem could be overstretched.According to a report by Investing, Tan — who also serves as Broadcom’s president — sold the aforementioned stake on July 11. The sale amount came ...