Broadcom ‘Story Played Out,’ NXP To Lead Apple Sphere
NXP Semiconductors (NXPI) topped a Sanford C. Bernstein analyst’s 2016 chipmaker picks, as Apple (AAPL) supplier Broadcom (BRCM) got a downgrade ahead of its $37 billion acquisition by Avago Technologies (AVGO). Apple chip stocks were generally down Thursday, a fourth consecutive rough day for the stock market. In early afternoon trading on the stock market today, NXP and Qualcomm (QCOM) stocks were among the hardest-hit chip stocks, down 4.2% and