Why Broadcom Stock Sank 5.6% Today

Broadcom just posted big numbers, yet the stock is still sinking.Shares of Broadcom (AVGO 5.59%) fell on Monday, finishing the day down 5.6%. The slide came as the S&P 500 and Nasdaq Composite lost 0.2% and 0.6%, respectively. Broadcom stock fell today, along with much of the artificial intelligence (AI) market, as investors continue to rotate out of the sector following earnings from both Broadcom itself and fellow tech giant Oracle.NASDAQ : AVGOBroadcomToday's Change( -5.59 %) $ -20.12Current Price$ 339.8 ...