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Broadcom Stock Slips Amid AI Valuation Concerns and Inflation Fears
Broadcom Stock Slips Amid AI Valuation Concerns and Inflation Fears
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BTCCSquare news:
Broadcom (AVGO) shares fell 2.4% in Wednesday's trading session, underperforming broader market declines. The drop follows a provocative MIT study suggesting 95% of businesses see no return on generative AI investments—a troubling signal for Broadcom, whose 72% annual stock surge has been fueled by AI-driven demand for its connectivity chips.
Inflation anxieties compounded the selloff. Fresh earnings reports from major corporations hinted at persistent price pressures, further unsettling tech investors. The MIT research has ignited fears of an AI bubble deflation, dragging down sector leaders alongside Broadcom.
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