Broadcom (AVGO) Stock Trades Down, Here Is Why
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 3.3% in the morning session after a broader pullback sparked by reports that China banned its major tech firms from buying U.S. artificial intelligence chips. The negative sentiment weighed heavily on the Nasdaq, with the news first hitting chipmaker Nvidia and then rippling out to…