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Benzinga
Benzinga
Business
Anusuya Lahiri

What's Going On With Broadcom Stock Friday?

Broadcom Nasdaq Marvell AVGO Marvell Technology Amazon Nvidia United States
Sunnyvale,,Ca - usa,-,March,1,,2014:,Broadcom,Facility,In,Silicon

Broadcom (NASDAQ:AVGO) shares slipped Friday, weighed down by weakness in rival Marvell Technology (NASDAQ:MRVL) after the latter posted better-than-expected quarterly earnings but tempered sentiment with cautious guidance and a wave of analyst price forecast cuts.

Both companies are key players in the fast-expanding market for custom AI silicon and networking infrastructure used by cloud providers and hyperscale data centers.

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