By Marcin Frąckiewicz
Publication Date: 2025-11-13 23:55:00
Broadcom Inc. (NASDAQ: AVGO) was swept up in a brutal tech and AI selloff on Thursday, with the stock dropping sharply even as the company rolled out new VMware Cloud Foundation initiatives and continues to post record AI-driven results.
Key takeaways for Broadcom stock today
- AVGO finished around $340 per share, down roughly 4%–5% on the day, after trading as low as the mid‑$330s and as high as the mid‑$350s. [1]
- Intraday reports showed losses as steep as 5.5%–7% as AI-focused megacaps led a market-wide risk-off move. [2]
- A wider $700+ billion wipeout in tech market cap hit AI plays such as Nvidia, Tesla, Alphabet – and Broadcom, which alone shed an estimated $90 billion in value at one point. [3]
- The selling is being driven by AI “bubble” worries, delayed macro data after the U.S. government shutdown, and fading expectations for rapid Fed rate cuts. [4]
- At the same time, Broadcom is expanding its VMware Cloud Foundation (VCF) ecosystem…
