Broadcom (AVGO) Stock Corrects After OpenAI Deal
Broadcom (AVGO) Stock Corrects After OpenAI Deal
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Shares in semiconductor giant Broadcom (AVGO) experienced a 4% dip, correcting after an earlier surge. This movement follows the company's recent announcement of a new deal with OpenAI, indicating a market reassessment.
Broadcom Shares See Correction Post-OpenAI Deal
Broadcom (AVGO) stock has seen its price decrease by 4%, undergoing a correction after a period of significant gains. The semiconductor company had previously announced a new partnership with artificial intelligence firm OpenAI, which initially led to a surge in its share price. The current dip suggests that the market is recalibrating its valuation of AVGO following the news.