Why Is Broadcom Stock Falling Thursday?
Broadcom (AVGO) stock drops over 3% premarket as soft Q4 revenue guidance overshadows strong Q3 earnings and solid AI sales.
Broadcom did great this quarter and sells lots of AI computer chips, but it said next quarter's sales might not be as strong, which made some investors nervous. When a company warns that things might slow down, people often sell their shares first and ask questions later.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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