Broadcom (AVGO) stock wobbles as VMware lawsuit updates and Fed minutes loom
Broadcom shares recovered from an early 2.6% drop, trading down 0.1% at $325.00, as chip stocks fell and investors tracked new UK court filings over VMware licensing. The iShares Semiconductor ETF slid 1.5%, Nvidia dropped 1.2%, and AMD lost over 4%. Broadcom will report fiscal first-quarter results on March 4. Traders also watched bond yields ahead of the Fed’s January meeting minutes.