1 day ago, 10:20 PM
$Broadcom(AVGO.US) -7% AH after 3Q results beat ests but 4Q rev guidance fell slightly short of analysts’ expectations ($34.8B vs $35.0B est). Importantly, 3Q AI rev of $16.7B beat 3Q ests of $15.9B and 4Q AI Rev guidance (which caused $Broadcom(AVGO.US) stock to decline -12% after 2Q results) came in above expectations ($21.7B vs $21.3b est). As the AI Rev strength becomes clearer to investors I expect the stock to recover somewhat.
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