Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Broadcom Stock Fell 15% in June

TheMotleyFool 
0 0 09.07.26
Why Broadcom Stock Fell 15% in June: https://g.foolcdn.com/editorial/images/878122/ai-chip-green.jpg
 

Shares of Broadcom (NASDAQ: AVGO) were among the losers last month, tumbling after its second-quarter earnings at the beginning of June despite solid results.

The company's AI revenue, while strong, fell short of estimates, and management acknowledged that Google, a major customer, was diversifying its sourcing for custom chips, or ASICs.

As a result, the stock finished the month down 15%, according to S&P Global Market Intelligence.

Continue reading


Source Fool.com

Broadcom Ltd. Stock

€339.75
-6.460%
Heavy losses for Broadcom Ltd. today as the stock fell by -€23.400 (-6.460%).
With 81 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 400 € there is a slightly positive potential of 17.73% for Broadcom Ltd. compared to the current price of 339.75 €.
Show more
Like: 0
AVGO
Share

Comments

Not a member yet? Sign up for free!