Semiconductor giant Broadcom (NASDAQ: AVGO) has seen its share price take a significant tumble over recent weeks, with custom AI chip diversification being a key investor concern.
Compared to a recent high of about $428, Broadcom shares have fallen by more than 10%. This is somewhat attributable to general AI semiconductor weakness, with NVIDIA (NASDAQ: NVDA) down moderately over the same period. However, news surrounding the company’s biggest customer and a top custom chip competitor has accelerated the decline in Broadcom stock.
