Broadcom Shares Drop 1.5% as Intel’s Higher AI Costs Trigger Pullback

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Broadcom shares fell 1.5% on Friday after slipping as much as 3.5% earlier, despite a 33% year-to-date gain, following Intel’s Q4 report showing AI growth initiative costs exceeded forecasts. The S&P 500 rose 0.2% and the Nasdaq Composite gained 0.6%, highlighting a sector-specific valuation pullback.

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