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Broadcom Tumbles 12.6% on June 4, Erasing $280B in Market Cap

GateNews
Stocks
AVGO-1.42%

According to Yahoo Finance, Broadcom (AVGO-US) shares plummeted 12.6% on June 4, wiping out approximately $280 billion in market capitalization in a single trading session—among the largest one-day market value losses for a mega-cap stock in recent years.

Despite the company's quarterly earnings beating expectations, its AI chip sales guidance fell short of investor expectations. The decline reflects the challenges in the current AI trading environment, where even strong growth cannot satisfy heightened market predictions.

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