🔴 Broadcom is trading 3.1% down today as AI spending concerns trigger a sector sell-off

Broadcom is trading at $377.06 (-3.14%) as semiconductor stocks sell off broadly on renewed concerns about the sustainability of AI spending.

• The move tracks a sector-wide decline in chips, with the SOXX index falling 3.56% during the session.
• No company-specific news was reported, suggesting the drop is driven by broader market sentiment rather than internal catalysts.