Rate Of ReturnSep 3 at 06:13 AM
Broadcom's earnings were relatively impressive as well. 86% growth rate with AI chip revenue more than tripling YoY, this is the kind of positive grower investors want to see. However, guidance came in 0.2B short of Wall Street's expectations, and in today's inflated expectations market, that signals "sell-off", especially for traders looking for short term gains. I personally don't think Broadcom would have a steep drop tonight, although the levels to watch could be $350 support and $370 resistance in the coming weeks.
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