
Broadcom's AI revenue grew 143% to $10.8B last quarter and the stock still dropped about 13% on the print. the reason: they did not raise the full year AI target, so the buyside that got greedy sold. now it is bouncing back into the $383 to $414 range and analysts are still at Buy with targets near $501. classic case of a great quarter not being great enough 👀
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
