Broadcom Selloff Explained! Should You Buy the Dip in AVGO Stock?
Broadcom(AVGO) ZACKS·2024-09-10 03:46
Broadcom Inc. (AVGO) stock suffered its worst rout since the pandemic on Friday after the company’s tepid revenue forecast discouraged investors who have been betting on robust demand for artificial intelligence (AI) chips to drive the company’s growth. But is it the right time to sell the stock, or should you rather remain bullish and consider this as a buying prospect? Let’s have a look – Broadcom Falls Behind Q3 ExpectationsBroadcom recently posted positive fiscal third-quarter earnings, but it wasn’t ...