China Just Banned Broadcom’s Cybersecurity Solutions. What Does That Mean for AVGO Stock?

China has officially banned cybersecurity software from a dozen U.S. and Israeli firms – including Broadcom (AVGO)-owned VMware – citing “national security concerns.” AVGO shares are inching down at the time of writing following this announcement that’s part of Beijing’s broader push to replace Western technology with domestic alternatives. More News from Barchart Including today’s decline, Broadcom stock is down more than 18% versus its 52-week high. www.barchart.com Why Is the China News Negative f ...