Broadcom stock falls at the open as year-end rally cools and AI margin worries linger
Broadcom shares fell 1.4% to $347.37 in early New York trading Monday, underperforming the tech sector as Wall Street opened lower. The Nasdaq dropped about 0.8% at the bell. Nvidia shares slipped after a filing revealed a $5 billion stake in Intel. Broadcom’s recent outlook showed strong revenue guidance but warned of lower profit margins as AI sales grow.