Broadcom (AVGO) stock slips at the open as Cisco targets its AI networking turf
Broadcom shares slipped 0.25% to $343.09 early Tuesday after a 3.31% jump in the previous session. Cisco launched its Silicon One G300 switch chip for AI data centers, entering a market where Broadcom’s Tomahawk chips compete. Investors await U.S. payrolls data Wednesday, CPI Friday, and Broadcom’s earnings on March 4. Broadcom stock remains 17% below its 52-week high.