🔴 AVGO is trading 3.2% down today on sector-wide AI growth concerns following Nvidia earnings

AVGO is trading at $311.49 (-3.17%) in pre-market action as a chip sector sell-off intensifies following Nvidia's post-earnings slump.

• The decline extends yesterday's 3.19% drop to $321.70, tracking a broader market retreat with the NASDAQ down 0.98%.
• Investor caution regarding AI growth sustainability is currently overshadowing Broadcom's announcement of a new 3D-stacked AI chip.
• Pre-market futures remain under pressure as markets weigh upcoming Core PPI economic data and cooling sentiment across the semiconductor space.