Broadcom Stock Wavers Despite Beat-And-Raise Quarterly Report

BREAKING: Stock Market Strong Outside AI SectorBroadcom (AVGO) late Thursday handily beat estimates for its fiscal fourth quarter and with its guidance for the current period. Broadcom stock initially rose on the news but later turned negative.

The Palo Alto, Calif.-based fabless chipmaker and infrastructure software provider earned an adjusted $1.95 a share on sales of $18.02 billion in the quarter ended Nov. 2. Analysts polled… 9:40 AM ET The stock market falls as the AI trade comes under pressure. However, the Dow Jones index holds up better than... 9:40 AM ET The stock market falls as the AI trade comes under... In the wrong hands, quantum computing could undo cryptocurrency security features. (© Gary Neill)Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.©2025 Investor’s Business Daily, LLC.

All Rights Reserved.