Why Broadcom, Arista Networks, and Rambus Fell Today
ANETArista(ANET) The Motley Fool·2024-04-03 02:56

Shares of artificial intelligence (AI)-related tech stocks Broadcom (AVGO -1.80%), Arista Networks (ANET -3.60%), and Rambus (RMBS -4.11%) were all down in Tuesday trading, off by 2.7%, 3.7%, and 3.9%, respectively, as of 1 p.m. ET. There wasn't much material news around these stocks today, but certainly a jump in long-term bond yields following some recent economic data is making investors jumpy that interest rates won't come down as much or as quickly as thought. And that's doubly true for higher-multiple ...