US Stock Market Move | Broadcom Inc. (AVGO.US) fell more than 4%. Debt repayment pressure caused investor concerns.
On Wednesday, Broadcom (AVGO.US) fell more than 4%, closing at $338.72.
On Wednesday, Broadcom Inc. (AVGO.US) fell more than 4%, to $338.72. On the news front, it was reported that the Chinese authorities have demanded companies to stop using network security software developed by the United States and Israel, including Broadcom Inc.'s subsidiary VMware, which may affect its revenue in the Chinese market. Additionally, Broadcom Inc. issued $4.5 billion in senior notes on January 13 for debt restructuring, increasing financial leverage, raising concerns among investors about debt repayment pressure.
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