AINeutralBlockonomi · 13h ago6/10
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Broadcom (AVGO) Stock Plunges Over 20% Despite Record-Breaking Revenue Performance
Broadcom's stock declined 20% following disappointing Q3 guidance despite achieving record Q2 revenue and strong AI-driven growth. Despite the sharp selloff, Wall Street analysts remain constructively positioned with $600 price targets, indicating confidence in the company's long-term trajectory amid continued semiconductor demand.