Why Broadcom Stock Sank Today

Broadcom (NASDAQ: AVGO) stock closed out Tuesday's trading in the red. The tech company's share price fell 3.3% in a session that saw the S&P 500 battle back to be flat with yesterday's level and the Nasdaq Composite dip 0.4%.Stocks opened lower this morning as tech-sector valuation concerns weighed on major indexes, but there was a significant recovery in the afternoon following news that the U.S. and the Philippines have reached a trade agreement. In addition to some volatility for the broader market, Broadcom stock was pushed lower following news that a large artificial intelligence (AI) infrastructure build-out wasn't coming together as quickly as anticipated.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool