Broadcom (AVGO) Sell-Off Wipes Out Gains After AI Revenue Surge

By Yahoo! Finance   |   1 month ago
Broadcom (AVGO) Sell-Off Wipes Out Gains After AI Revenue Surge

Broadcom projects strong third-quarter revenue due to demand for networking and AI chips. Despite exceeding expectations, shares dipped as investors reacted cautiously to a recent stock surge. The company anticipates growth in AI chip revenue, while non-AI chip sales remain slow.

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