Reported 1 day ago
Broadcom Inc. saw its shares drop by up to 4.5% on Friday after reporting strong earnings that exceeded expectations, contributing to a decline in broader tech ETFs. Despite a 20% year-over-year revenue increase to $15 billion and guidance for continued growth, the stock's prior record highs and investor profit-taking led to the drop. Broadcom remains a significant player in the AI sector and a major holding in several ETFs.
Source: YAHOO