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AVGO
Benzinga
77 days

JPMorgan Sees Upside In Broadcom Ahead Of Earnings: Q3 Revenue Could Top $16 Billion On AI Strength

1. AVGO to report Q2 results on June 5, exceeding estimates. 2. Analyst Harlan Sur maintains Overweight rating with a $250 price target. 3. Strong AI demand expected to drive revenue growth past $5 billion. 4. Projected Q3 revenue could reach $16.1 billion, above Street estimates. 5. AVGO's diverse market exposure positions it as a top semiconductor pick.

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FAQ

Why Bullish?

Positive earnings guidance and strong AI demand signal robust future performance, similar to prior high-growth quarters like Q1 2023.

How important is it?

The article discusses strong earnings potential backed by AI infrastructure demand, directly impacting AVGO's stock performance.

Why Short Term?

Upcoming earnings report and immediate market reactions suggest a short-term impact, similar to results driven by AI momentum in fiscal 2023.

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