Reported 3 days ago
Following a strong Q3 earnings report, Broadcom's stock has risen significantly, reaching a new 52-week high of $356, fueled by AI semiconductor revenue growth and substantial orders for its custom XPU chips. The company's Q3 sales exceeded expectations, and it raised its Q4 revenue forecast, indicating continued strong demand. Despite a notable increase in share price, analysts suggest caution in buying at this premium valuation, with Broadcom holding a 'Hold' rating as the market evaluates future earnings potential.
Source: YAHOO