Is It Time to Buy the Dip in Broadcom Stock After a Sluggish Forecast Sends Shares Lower?
AVGOBroadcom(AVGO) The Motley Fool·2024-09-10 16:50

Broadcom stock looks attractive after its recent earnings-report-related price pullback.Broadcom (AVGO 2.79%) shares are taking a hit after investors were disappointed by the chipmaker's fiscal fourth-quarter guidance. Expectations going into the quarter were quite high, but the reported results led to a 10% drop in share price.Despite the drop, the stock is still up about 62% over the past year as many investors remain excited about the tech stock's potential. Let's dive into the company's most recent quar ...