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DE Shaw Slashes Broadcom Stake by 58% Amid Margin Pressure

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • D.E.
  • Shaw slashed its Broadcom stake by 58% to $1.03 billion in Q2 2026.
  • Despite robust AI semiconductor revenue growth, Broadcom faces gross margin compression toward 74%, leading to recent stock declines as high growth expectations remain largely priced in.
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