AVGO Rebounds From 50-Week SMA After Broadcom Q3 Beat
TL;DR Summary
Broadcom posted a strong Q3 with revenue of $29.6B (up 86% YoY), net income of $13.1B and EPS $2.68, with Q4 revenue guidance of $34.8B and AI semiconductor revenue surging to $16.7B (with expectations of $21.7B in Q4); AVGO stock slipped toward its 50-week SMA near $350 after hours but rebounded off that support, and a sustained break below could target around $300, while a stronger outlook could lift semis momentum.
- AVGO Stock Falls Below $350 Testing Support as Investors Question the Outlook After Earnings FXLeaders
- Broadcom Sees $230B In AI Revenue By 2028, Driven By 'Geniuses' OpenAI, Anthropic: Analyst Says Some Risks Remain Unresolved finance.yahoo.com
- Broadcom Third-Quarter Profit Soars on Growing Custom Chip Demand WSJ
- Broadcom Predicts Surge in AI Chip Sales Over Next Two Years Bloomberg.com
- Broadcom Q3 FY2026 earnings: Record revenue on AI chip demand qz.com
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