Broadcom is trading 4.4% down at $346.22 as technology stocks weaken amid broader concerns that AI development could slow after warnings from major industry leaders.
- The Nasdaq Composite is down 1.20%, reinforcing a sector-wide risk-off move rather than a Broadcom-specific announcement.
- Investor sentiment also remains pressured by Broadcom’s September 2 fourth-quarter revenue outlook, which fell slightly below expectations despite strong AI-chip growth.