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Broadcom (AVGO) Dips Premarket as In-Line Guidance Disappoints Bulls

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The Story

News Summary

  • Broadcom shares fell over 2% premarket despite beating fiscal Q3 estimates.
  • Fourth-quarter revenue guidance merely matched Wall Street consensus rather than beating elevated market expectations, while analysts cited concerns over AI supply chain congestion and TPU market share.
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AVGO price history

347.30 -9.54% over the displayed period

Advisor Snapshot

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