$Broadcom(AVGO)$ Broadcom is s

Broadcom is set to release its fiscal 2024 third-quarter results on 5 September, with analysts projecting earnings of $1.20 per share on $12.96 billion in revenue. So far, Broadcom has impressed investors with a 43% gain in 2024, driven by its leading position in the semiconductor and infrastructure software markets.

The key question here is whether the company can meet or exceed these high expectations. With robust demand for chips and cloud infrastructure, Broadcom has strong growth catalysts. However, given the lofty market expectations, any shortfall could result in significant volatility.

Investors should closely watch guidance for the upcoming quarters, as macro-economic headwinds and potential slowdowns in demand could impact future performance. If Broadcom continues to execute well, it could sustain its upward momentum.

Broadcom -15%! Would You Bottom at $130?

Broadcom's Q3 AI product-related revenue fell short of expectations, and the Q4 revenue guidance was weaker than anticipated, causing 15% drop in the past 5 days. ----------- Will the stock dip further after earnings? Would you like to buy Broadcom at 130？

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Comments

CSing
09-05
CSing
yes please [Happy]
Tiger V
09-05
Tiger V
Great article, would you like to share it?

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