Broadcom Stock Is Moving Lower Monday: What’s Behind The Move? – Broadcom (NASDAQ:AVGO)

Broadcom Inc AVGO shares are trading lower Monday following reports indicating that Alphabet Inc GOOG is preparing to partner with MediaTek.

What To Know: According to a report from The Information, Google is planning to partner with Taiwan’s MediaTek as it seeks out cheaper chips.

The report indicates that the two companies will partner to work on the next version of Google’s AI chips, Tensor Processing Units. The chips are expected to be made next year.

Google has used…