Why Broadcom Stock Sank Today

Broadcom (NASDAQ: AVGO) stock got hit with a significant pullback in Wednesday's trading. The company's share price fell 4.1% in the daily session. Meanwhile, the S&P 500 declined 0.6%, and the Nasdaq Composite sank 1%.Volatility connected to bank stock earnings dragged the market lower, and Broadcom also faced valuation pressures connected to semiconductor industry news. Despite the U.S. government approving the processors for export, China is reportedly blocking Nvidia's H200 chips from being imported into the country. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool