Broadcom Inc. AVGO shares traded lower on Monday. The stock has pulled back from recent strength over the past week.
What To Know: Broadcom stock has trended higher over the month of November. Tailwinds which boosted the stock early in the month included overall tech strength, AI optimism and strong financial results from TSMC, Qualcomm, and Navitas.
Shares were propelled further in mid-November by overall market strength following softer-than-expected October inflation data.
However, the stock…