Broadcom falls on report Google may work with MediaTek on AI

Investing.com — Shares of Broadcom (NASDAQ:AVGO) dropped at the open on Monday following a report that Google (NASDAQ:GOOGL) is exploring a partnership with MediaTek to help design and produce some of its artificial intelligence (AI) chips, potentially reducing Broadcom’s exclusive role in the business.

AVGO stock fell as low as $187.50 at the open before recovering slightly to $193.82, down 0.9%.

According to The…