AVGO is trading at $311.86 (-3.06%) amid a semiconductor sector sell-off triggered by Nvidia's post-earnings decline despite reporting strong results.
- Investors are increasingly cautious regarding AI valuations and growth sustainability, dragging down major chip stocks as the NASDAQ falls 1.18%.
- Broader market concerns include Nvidia's outlook in China and rising competitive pressures, with AVGO now threatening to break below the $300 level.