Reported about 13 hours ago
Investors are looking forward to Broadcom's forthcoming earnings report, anticipating a 34% year-over-year growth in adjusted earnings per share for the fiscal third quarter. After a remarkable 100% rally since April that increased the company's market value by $730 billion, the challenge lies in how much further the stock can advance, especially given the concerns following disappointing earnings from competitors like Nvidia and Marvell. Analysts remain optimistic about Broadcom's AI growth potential, but the high expectations could lead to a sell-off if results do not meet market sentiment.
Source: YAHOO