COPJ Falls 11% After Broadcom's AI Revenue Guidance Sparks Concerns Over Hyperscaler Demand for Copper
The Sprott Junior Copper Miners ETF (NASDAQ:COPJ) dropped 11% in a single day following lighter-than-expected Q3 AI revenue guidance from Broadcom, which raised concerns about the pace of hyperscaler data center investments. This move highlights how junior copper miners are highly sensitive to shifts in demand for copper driven by artificial intelligence infrastructure.
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