Broadcom Earnings Miss (Citi Buy 500 / Jefferies Buy 550)

Meme_Tiger
06-04

$Broadcom(AVGO)$ AI order backlog $30B+, visibility extending to 2028, but gross margin pressure triggers after-hours plunge of over 13%

Broadcom (AVGO) suffered a sharp setback in after-hours trading following its earnings release 📉 Closed down at 479.23 After-Hrs: $413.21 (-13.78%)

Q3 guidance overall slightly beat market expectations, but the gross margin guidance came in significantly below expectations, becoming the main source of selling pressure in the market.

Broadcom Gets 'Aggressive Buy' From JPMorgan: Will You Buy?
Broadcom surged 4.30% after JPMorgan urged investors to 'buy aggressively at current levels,' while Marvell gained 3.90% as analysts raised their price target to $105, citing 'continued AI order momentum tied to Nvidia-linked activity.' Visibility on AI hardware orders remains strong, with capital within the tech sector becoming increasingly selective. As software and hardware diverge, do you favor beaten-down software giants or AI chipmakers with resilient order books?
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