Broadcom stock dips to $320 as Intel shock hits chips; Fed week and VMware dispute loom
Broadcom shares fell 1.7% to $320.05 Friday, trading between $314.19 and $326.90 on volume of 30.3 million. The drop followed Intel’s weak outlook, which rattled chip stocks ahead of a Federal Reserve decision and a busy earnings week. Fidelity settled a lawsuit over Broadcom’s VMware software, easing concerns about customer access.