Broadcom (AVGO) Stock Slides From Highs—Is the AI Story Starting to Crack?

TLDR Broadcom stock traded in the mid-$360s on August 20 after closing at $362.48, down 4.61% in the previous session. Google’s expanded custom AI chip partnership with Marvell raised concerns about Broadcom’s future share of hyperscaler spending. The Marvell-Google agreement includes a $12.2 billion equity warrant package tied to procurement milestones through fiscal 2033. Broadcom [...]

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