Key facts: Broadcom shares drop 1.7% on tariff news; tech milestone achieved
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- Shares of Broadcom (AVGO) declined by 1.7% after President Trump's announcement of a 100% tariff on Chinese exports to the U.S. and the introduction of new export controls on critical software.1
- Broadcom's co-packaged optics technology reached a milestone with one million link hours without disruptions in a test at Meta Platforms, boosting its role in the optical interconnect market.2