AVGO Stock Sinks To Near 5-Month Lows Despite Exploding AI Sales — Wall Street Reactions Are Mixed
Broadcom reported third-quarter revenue of $29.6 billion, ahead of Wall Street’s expectations of $29.4 billion, according to Fiscal.ai. The company guided revenue of $34.8 billion in Q4, marginally lower than Street estimates of $34.85 billion. Broadcom sees AI semiconductor revenue potentially reaching $230 billion by fiscal 2028, with Anthropic and OpenAI emerging as major growth … Read more