Broadcom is trading 3.14% down at $350.61 after weekend warnings from leading AI executives about slowing AI development pressured semiconductor stocks globally.
- Asian chipmakers declined sharply as sector sentiment weakened over future AI infrastructure spending.
- Broader risk-off conditions, including weaker U.S. futures, higher oil prices, geopolitical tensions, and interest-rate worries, added pressure.
- No new company-specific Broadcom catalyst was identified.