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Broadcom shares dropped 12.6% after investors expressed concerns over AI growth forecasts.
KEY POINTS
- Other major technology stocks, including Micron Technology and CrowdStrike, also posted significant declines.
- In Asia, Samsung and SK Hynix fell 5.4% and 8.4%, reflecting concerns across global chipmakers.
- Japan's Nikkei dropped 2.7%, marking a fourth consecutive decline for leading equipment makers.
- Broad tech selloffs were triggered by weaker-than-expected guidance and data across U.S. and Asian markets.
COMPANIES
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