StartupsThe Motley Fool2 days ago
Why Broadcom Stock Sank Today
1 min read
Broadcom stock closed down 5.1% on Wednesday, driven by macroeconomic and geopolitical risks rather than company-specific news. The S&P 500 fell 1.6% and the Nasdaq slumped 2%. The stock is now down roughly 23% from its lifetime high, despite strong fiscal Q2 results and guidance that beat analyst estimates.
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