On October 15, Broadcom fell 3.15% in Regular Trading, trading at $336.925/share, with turnover of $2.008 billion.

The move coincided with reports that ByteDance is close to an agreement to buy custom AI data-center chips from MediaTek, a development seen as strengthening MediaTek in a market where Broadcom has already built a presence and adding pressure across major AI chip suppliers.

Background context indicates ByteDance had earlier agreed to purchase millions of AI chips from Qualcomm, while MediaTek is targeting about $2 billion of AI chip sales this year and aims for a 15% share of an estimated $80 billion market next year. The broader semiconductor group was also weak, with Micron Technology falling 3.77%, NVIDIA falling 2.59%, AMD falling 5.41%, Intel falling 5.84%, and TSMC falling 4.35%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)