Weekly Roundup: Broadcom Sparks Tech Selloff, Coinbase Slips, Humana Advances
On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners: - Broadcom (AVGO) shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors. The outlook spooked investors, triggering a rotation out of AI-related tech stocks which led to a broader market selloff on Friday. The concerted slide in stocks, bonds and crypto was the biggest setback in months for the latest leg of the bull market, which traces to the end of March when negotiations began in earnest to end war…
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