Why Broadcom Stock Was Sliding Today
Shares of Broadcom (NASDAQ: AVGO) were moving lower Friday after the diversified semiconductor company posted solid results in its fiscal 2024 first-quarter earnings report after the market closed Thursday, but failed to raise its guidance.
High expectations were also baked into the stock. The company is viewed as a beneficiary of the AI boom, and as its shares have risen in recent months in consequence.
As of 11:59 a.m. ET, the stock was down by about 6%.
Source Fool.com
Broadcom Ltd. Stock
€1,226.0
-3.510%
With 42 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1380 € there is a slightly positive potential of 12.56% for Broadcom Ltd. compared to the current price of 1226.0 €.
