Business & Economy · 25 views
Broadcom, Micron and ARM sink, leading chip stocks lower
Chipmakers Broadcom and Micron Technology sank on Thursday, leading a broad sector sell-off as investors fled the semiconductor space.
Summary
Chipmakers Broadcom and Micron Technology sank on Thursday, leading a broad sector sell-off as investors fled the semiconductor space. Broadcom lost 12% after the company, which designs and makes customized artificial intelligence chips for other technology names, reported weaker-than-expected earnings on Wednesday.
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