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Billionaires Dump Broadcom (AVGO) as AI Valuation Concerns Mount

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The Story

News Summary

  • Prominent investors Stanley Druckenmiller and Brad Gerstner exited their Broadcom (AVGO) positions during Q2, rotating into Lam Research amid AVGO valuation concerns and elevated AI revenue expectations.
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AVGO price history

344.72 -9.97% over the displayed period

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