News Snapshot:
Shares of Broadcom (AVGO) came under pressure Tuesday, as investors likely cashed in after the stock surged to an all-time high. But with the Club holding set to significantly bolster its cloud software capabilities through a long-awaited acquisition, investors not yet in the stock should see the decline as a buying opportunity. Broadcom's $61 billion stock-and-cash deal to purchase cloud software vendor VMWare (VMW) is set to close Wednesday, after Chinese regulators on Tuesday granted approval with a few strings attached. Those conditions include limitations on Broadcom's ability to bundle its hardware and VMWare's software in the Chinese market. Shares...
