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…
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