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-0.000444642063139274 -0.000296428042092849 2.96428042092512E-05 -0.000444642063139274 -0.00142285460204541 -0.00243070994516079 -0.00243070994516079 -0.00243070994516079
Stock impact report

Why Broadcom Stock Sank 5.6% Today [Yahoo! Finance]

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: Yahoo! Finance
10 stocks we like better than Broadcom › Shares of Broadcom (NASDAQ: AVGO) fell on Monday, finishing the day down 5.6%. The slide came as the S&P 500 and Nasdaq Composite lost 0.2% and 0.6%, respectively. Broadcom stock fell today, along with much of the artificial intelligence (AI) market , as investors continue to rotate out of the sector following earnings from both Broadcom itself and fellow tech giant Oracle Despite reporting record sales and net income as AI sales soar, investors were disappointed by the impact its AI is having on margins. During the company's earnings call, CEO Hock Tan said that its AI business has lower gross margins than its other segments, and as AI sales become a larger part of its total revenue mix, overall margins will be negatively impacted moving forward. Given Broadcom's headline numbers, these issues would mostly be overlooked during a less fraught time in the market, but as anxiety grows over an AI bubble, investors are looking for any sign Show less Read more
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