US stock market opened with AI chip sector broadly lower, Broadcom plunges 14%

According to data from MSX.COM, the three major US stock indexes opened mixed. The Dow Jones Industrial Average rose 0.97%, the S&P 500 fell 0.37%, and the Nasdaq Composite fell 1.10%. Due to Broadcom's disappointing earnings report, traders sold off chip stocks, leading to a broad decline in the AI chip sector. Nvidia's stock price fell 0.6%, TSMC's stock price fell 1.9%, Broadcom's stock price fell 13.9%, Micron Technology's stock price fell 6.61%, Advanced Micro Devices' stock price fell 5.24%, ASML's stock price fell 2.92%, Intel's stock price fell 4.13%, and ARM Holdings PLC Sponsored ADR's stock price fell 7.7%.

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