What's Going On With Broadcom Stock Friday?

Broadcom (NASDAQ:AVGO) shares slipped Friday, weighed down by weakness in rival Marvell Technology (NASDAQ:MRVL) after the latter posted better-than-expected quarterly earnings but tempered sentiment with cautious guidance and a wave of analyst price forecast cuts. Both companies are key players in the fast-expanding market for custom AI silicon and networking infrastructure used by cloud providers and hyperscale data centers. Marvell’s stock slid despite reporting adjusted earnings of 67 cents