Broadcom Holds Steady as ARK Buys the Dip, Intel Slips, AMD Eases After Google's Marvell Chip Deal

Broadcom (AVGO) is up slightly to $364.14 in early Thursday trading after a Wednesday selloff. The drop was linked to an Alphabet/Google custom-chip announcement, suggesting near-term sentiment risk for AVGO tied to customer-specific chip activity rather than Broadcom fundamentals.

Analysis

Broadcom (AVGO) is up slightly to $364.14 in early Thursday trading after a Wednesday selloff. The drop was linked to an Alphabet/Google custom-chip announcement, suggesting near-term sentiment risk for AVGO tied to customer-specific chip activity rather than Broadcom fundamentals.