Broadcom Investors Were Primed to Sell Shares -- Market Talk
Dow Jones12-13 01:09
1209 ET - Broadcom investors were already prepared to sell shares when the chipmaker reported earnings Thursday, Benchmark analyst Cody Acree says. Shares are down 11% on Friday. The stock has more than doubled over the past 12 months, setting investors up to want to take profit, almost regardless of the strength of the financial report, Acree says. Acree says there was a lot for investors to like about the report: Broadcom said it had $21 billion in orders from Anthropic over the past two quarters and its six-quarter AI order backlog has grown to $73 billion. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
December 12, 2025 12:09 ET (17:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments