AVGO - When is the next catalyst and will it break 400 soon?
AVGO - When is the next catalyst and will it break 400 soon?
So the fundamentals of is very strong.
In short:
- Strong earnings
- Strong demand on products
- Solid footing in Al race
But after earnings Broadcom dropped hard. Although it's maintaining 375-380 level which is a good sign.
Some negatives that I have read are that Broadcom has done massive layoffs recently. And that most investors were disappointed even though earnings were solid but it just wasn't up to par with expectations.
So some questions in my head are: When do you think will be its next big jump to a new high? And do you think it's a buy right now? Is breaking the 400s again in the horizon?
AVGO still has strong AI tailwinds, but expectations are high, the next breakout will likely need another clear earnings surprise.
i've been watching broadcom lately too and the price action is pretty interesting. do you think the next product cycle will be the catalyst we need?
