Broadcom stock sinks after report China tells firms to drop VMware security software
Broadcom shares fell 4.2% to $339.55 in after-hours trading Wednesday after reports that China ordered local firms to stop using foreign cybersecurity software, including VMware. The drop came amid a broader tech selloff. Broadcom also disclosed a $4.5 billion senior notes offering and plans to redeem existing debt, according to an SEC filing.