1. AVGO reported record $18 billion revenue, beating estimates. 2. AI revenue surged 74% YoY to $6.5 billion. 3. Guidance indicates shrinking gross margins and higher taxes. 4. Stock fell despite strong earnings due to valuation concerns. 5. 52-week trading range: $138.10 to $414.61, currently $388 to $407.
FAQ
Why Bearish?
Despite strong quarterly results, negative guidance affects investor confidence. Historical patterns show similar sell-offs after disappointing forward outlooks.
How important is it?
The article details critical earnings insights affecting AVGO's valuation and market perception.
Why Short Term?
Immediate market reaction to guidance typically affects stock in the short term, as seen in past quarterly earnings.