Broadcom Shares Fall More Than 6% After Redburn Downgrade
Rothschild & Co Redburn lowered Broadcom to Neutral from Buy, citing concerns about its growing exposure to AI financing arrangements.
Broadcom shares AVGO fell more than 6% on Friday after Rothschild & Co Redburn downgraded the semiconductor company, citing concerns about its growing exposure to artificial intelligence financing arrangements.The investment firm lowered its rating on Broadcom to Neutral from Buy and cut its price…