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Why Broadcom (AVGO) Stock Is Falling Today
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 5.4% in the afternoon session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.5%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil from Venezuela, which could translate to a 45% tariff on some Chinese goods. This announcement could significantly raise the operating costs for affected companies and institutions.
Why Is Worthington (WOR) Stock Rocketing Higher Today
Shares of diversified industrial manufacturing company Worthington (NYSE:WOR) jumped 23.1% in the morning session after the company reported strong first-quarter (fiscal Q3 2025) results, which blew past analysts' estimates for the key metrics we track, including sales, operating income, and earnings estimates.
Super Micro (SMCI) Stock Trades Down, Here Is Why
Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 8.8% in the afternoon session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.2%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil from Venezuela, which could translate to a 45% tariff on some Chinese goods. This announcement could significantly raise the operating costs for affected companies and institutions.