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Broadcom Dips Premarket on Soft Q4 Revenue Guidance Despite AI Growth

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • Broadcom shares fell over 3% premarket following fourth-quarter revenue guidance of $34.8 billion, missing analyst expectations of $35.03 billion.
  • Despite beating third-quarter top- and bottom-line estimates with strong AI demand, weak technical momentum and soft guidance pressured the stock.
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AVGO price history

341.14 -14.87% over the displayed period

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