Why Broadcom Stock Slumped Today
Broadcom (NASDAQ: AVGO), the semiconductor company that's profited so much from the artificial intelligence (AI) revolution of late, saw its stock slump 3% through 10 a.m. ET this morning after reporting that it beat earnings last night... just barely.
Heading into the company's fiscal second quarter of 2025, which ended May 4, analysts forecast Broadcom would earn $1.57 per share in adjusted profits on sales of just under $15 billion. In fact, Broadcom earned $1.58 per share, and its sales were $15 billion.
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Source Fool.com
Broadcom Ltd. Stock
€333.20
-1.360%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 396 € there is a slightly positive potential of 18.85% for Broadcom Ltd. compared to the current price of 333.2 €.
