2 reasons why Broadcom stock may be taking 'a breather' for now
Broadcom (AVGO) stock sinks further in Thursday trading — down nearly 15% — despite beating fiscal second quarter earnings estimates and forecasts for third quarter guidance. The company's AI chip guidance seemingly failed to impress Wall Street investors. Bernstein managing director and senior analyst Stacy Rasgon lays out the two reasons why Broadcom shares may be taking "a breather" after this earnings release.
