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Broadcom Slumps as Q3 Revenue Outlook Falls Short of Estimates

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The Story

News Summary

  • Broadcom shares slid over 4% following its quarterly earnings release as third-quarter revenue guidance of $34.8 billion missed analyst expectations of $35.2 billion.
  • While custom AI accelerator demand surged 221% year-over-year, the softer near-term sales outlook dampened investor sentiment despite an otherwise strong financial performance.
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AVGO price history

361.99 -3.69% over the displayed period

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