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China’s delay in approving Broadcom’s (NASDAQ:AVGO) more than $61 billion planned purchase of VMware (NYSE:VMW) appears to be “clearly political.” VMware rose 1.1%, likely amid news that U.S. President Joe Biden will meet with President Xi Jinping of China next week.
“It seems 100% due, as much as I can tell, to the new restrictions on Nvidia chips that were announced with immediacy, by the way, a few weeks ago,” CNBC’s David Faber…