Why Broadcom, Taiwan Semiconductor, and Arm Holdings Fell on Monday

An analyst cut his forecast for iPhone 16 orders.Shares of Broadcom (AVGO -2.20%), Taiwan Semiconductor Manufacturing (TSM -2.60%), and Arm Holdings (ARM -5.46%) were down 3.3%, 2.5%, and 4.3% on Monday as of 11:30 a.m. ET. Shares of all three were down even more earlier in the morning.All three of these companies are key suppliers to the Apple iPhone. This morning, a notable Asia-based Apple analyst wrote that initial orders for the iPhone 16 were weaker than expected. So, all three of these stocks fell in ...