Broadcom shares fall 4.59% as 24% weekly rally cools before Nvidia results
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Broadcom (NASDAQ:AVGO) shares dropped 4.59% to $347.64 as of 9:53 a.m. ET in Friday's regular session on November 13, cooling a rally that lifted the shares 24% this week through Thursday. Thursday's 5.54% jump came as investors shifted…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock cools after a rally driven by rotation toward Nvidia rivals, ahead of the leader's results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Broadcom fell 4.59% to $347.64 in Friday's session.
- 02The stock had risen 24% during the week through Thursday.
- 03Mizuho named Broadcom as a winner from Nvidia's leadership turmoil.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets