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Broadcom (AVGO) Dips Despite Q3 Beat as Lofty Q4 Guidance Stumbles

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The Story

News Summary

  • Broadcom delivered strong fiscal Q3 results, with revenue jumping 85% and AI sales up 221%.
  • However, AVGO shares dipped 3% as Q4 guidance slightly missed peak Wall Street expectations.
  • Despite short-term valuation pressures, management significantly raised long-term AI revenue forecasts through fiscal 2028.
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AVGO price history

361.99 -3.69% over the displayed period

Advisor Snapshot

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