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Broadcom (AVGO) Tumbles 15% as Weak Guidance Overshadows Q2 Earnings Beat

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The Story

News Summary

  • Broadcom (AVGO) shares are falling over 15% pre-market despite beating Q2 earnings and revenue estimates.
  • Investors are reacting negatively to muted forward guidance and taking profits after a 39% year-to-date rally, despite strong AI chip demand and significant year-over-year revenue growth.
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Stored market data

AVGO price history

339.27 -14.18% over the displayed period

Advisor Snapshot

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