Broadcom Shares Dip 6% After Q2 Earnings, But Long-Term Outlook Remains Robust

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Broadcom Inc. (NASDAQ: AVGO) saw its shares decline by 6% in after-hours trading following its Q2 2024 earnings report. Despite beating revenue and earnings estimates, investors reacted cautiously due to concerns over near-term growth in some segments. However, analysts remain optimistic about the company’s long-term prospects, driven by strong demand in AI, networking, and enterprise … Read more