🔴 Broadcom is trading 4.5% down in after-hours trading on insider selling and China risks

AVGO is trading at $338.77 (-4.47%) after-hours, following heavy insider selling by CEO Hock Tan and renewed China risks, including Beijing's security directive impacting the semiconductor sector.

• CEO Hock Tan sold 70,000 shares at $347.30, contributing to the negative market sentiment.
• This drop extends a significant 15-18% correction from December highs, aligning with broader tech weakness and AI valuation fears.
• Specific China risks cited also include uncertainties regarding Nvidia payment terms, further pressuring semiconductor stocks.