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Broadcom’s steepest three-day drop in over five years has the chip maker falling down the ranks of the largest U.S. companies.
Shares of Broadcom
AVGO lost 5.6% on Monday, capping a 17.7% three-day slide that’s their worst such stretch since March 18, 2020, according to Dow Jones Market Data. That persistent pressure meant that it only took a fractional Monday gain for Meta’s stock META to put the Facebook parent company back in the No. 6 spot among the largest U.S. companies by market capitalization.
