Why Broadcom stock slid today: $4.5 billion bond sale, AI nerves and jobs data ahead
Broadcom shares fell 3.2% to $332.48 in after-hours trading Thursday, underperforming chip sector peers. The company priced $4.5 billion in new bonds to refinance debt, with settlement set for Jan. 13. Broadcom also unveiled a Wi-Fi 8 platform at CES, targeting AI-enabled routers. Wall Street closed mixed, with tech stocks lagging.