Broadcom is trading 4.04% lower at $361.31 after a report that it is seeking more than $50 billion in borrowing tied to custom AI chips it is developing with OpenAI.
- Charles Schwab’s market update said shares fell more than 1% in premarket trading; The Wall Street Journal reported the borrowing effort.
- Higher Treasury yields and oil prices are pressuring technology and semiconductor stocks amid inflation and rate concerns.
- Provided price context shows a larger decline by 1:59 p.m.; no trading-volume figure was available.