Broadcom (NASDAQ:AVGO) is one of the leading semiconductor stocks in the AI industry and has been a big beneficiary of the AI rally. However, as Wall Street sours on the AI narrative, the stock is following the rest of the pack and declining.

The Broadcom stock price has crashed in the past few days as the market remains concerned about the artificial intelligence (AI) industry. AVGO shares plummeted to a low of $200 on Friday, down by over 20% from its highest level this year,

Bell Asset Management, an investment management company, released its Q4 2024 “Bell Global Equities Fund” investor letter. A copy of the letter can be downloaded here. A depreciating Australian Dollar boosted returns for local investors,