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Broadcom Dips on Mild Guidance Miss Despite Booming AI Revenue Outlook

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The Story

News Summary

  • Broadcom shares fell over 3% despite topping Q3 estimates and providing massive long-term AI revenue forecasts through 2028.
  • A slight Q4 revenue guidance miss and valuation concerns sparked profit-taking, though major partnerships with OpenAI and Anthropic underpin substantial future custom silicon demand.
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AVGO price history

361.99 -3.69% over the displayed period

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