Why AI Stocks Broadcom, Meta Platforms, and Intel Were Down Today
Shares of most big tech names and AI beneficiaries, including (NASDAQ: AVGO), Meta Platforms (NASDAQ: META), and Intel (NASDAQ: INTC) were down on Thursday, falling 3.1%, 3.8%, and 4.2%, respectively, as of 1 p.m. ET.
The across-the-board declines in some AI winners could happen for any number of reasons, such as bad news on the AI investment front, or a marketwide pullback.
But that's not what's happening today. In fact, Broadcom even received a big analyst upgrade.
Source Fool.com
Broadcom Ltd. Stock
€149.96
3.080%
With 68 Buy predictions and 1 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 1384 € there is potential for a 822.91% increase which would mean more than doubling the current price of 149.96 € for Broadcom Ltd..
