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Stock impact report

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off [CNBC]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: CNBC
David Paul Morris | Bloomberg | Getty Images Taken from CNBC's Daily Open, our international markets newsletter — Subscribe today The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia Advanced Micro Devices and Oracle fell in sympathy, which caused major U.S. indexes to close lower. It was a motif patterning the week. Even though the Dow Jones Industrial Average rose 1.1% week on week on the back of outperformance by financial stocks, tech names dragged down the S&P 500 and the Nasdaq Composite , which fell 0.6% and 1.6% respectively for the week. That said, investors could have just been jittery amid the narrative of an apparent AI bubble, and were spooked by any sign of bad news. After all, Broadcom's earnings — as well as its guidance for the current quarter — breezed past expectations “Frankly we aren't sure what el Show less Read more
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