AVGO Rebounds From 50-Week SMA After Broadcom Q3 Beat
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.