U.S. Stock Movement | Broadcom (AVGO.US) fell by as much as 5%, making it the largest decliner among S&P 500 constituents.

According to the Zhitong Finance APP, on Friday, Broadcom (AVGO.US) saw its stock price drop by as much as 5%, becoming the biggest decliner among S&P 500 components. As of the time of writing, the stock had fallen by 4.75%, trading at $398.05. On the news front, "big short" Michael Burry has once again issued a sharp warning regarding the AI craze. On August 12, Burry disclosed his latest portfolio adjustments via the Substack platform, revealing that he had increased his short position against the trend after NEBIUS (NBIS.US) stock surged 34% following its earnings report, calling this AI cloud service provider a "microcosm of peak prosperity."