Broadcom Gets Mixed Reactions As Modest Earnings Beat Sparks Profit-Taking
1. Broadcom's Q2 revenue increased 20%, beating estimates driven by AI solutions. 2. AI revenue surged 46% to $4.4 billion, indicating strong demand. 3. Analysts have raised price targets, emphasizing Broadcom's AI growth potential. 4. Future revenue guidance estimates show strong performance through fiscal 2026. 5. AVGO shares fell 5.25% after the earnings report despite positive outlook.