Broadcom (AVGO -5.39%) stock is losing ground today. The company’s share price was down 5.8% as of 2:30 p.m. ET. Meanwhile, the S&P 500 index was down 2% at the same point in the day’s trading, and the Nasdaq Composite index was down 2%.
Artificial intelligence (AI) and semiconductor stocks are getting hit with big valuation pullbacks today as traders are having a bearish reaction to otherwise solid fourth-quarter results from Marvell Technology. Like…
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