What Is Happening With Broadcom Stock?
SAN JOSE, CALIFORNIA - DECEMBER 12: A sign is posted in front of a Broadcom office on December 12, 2024 in San Jose, California. (Photo by Justin Sullivan/Getty Images)Getty ImagesBroadcom (AVGO) stock plunged 11.4% in a single session, rattling investors as concerns mounted over AI-related revenue pressure on gross margins and a more subdued growth outlook for its AI business. The sharp selloff reflects fears that enthusiasm around AI may be outpacing near-term profitability. Still, moves of this magnitude ...