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Broadcom (AVGO) Underperforms in Q1 Despite Strong Results
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Broadcom (AVGO) Underperforms in Q1 Despite Strong Results
Broadcom (AVGO), a leading semiconductor company, recently released its first-quarter earnings report and the results were impressive. However, despite reporting robust numbers, the stock slid in the market. So what happened? First, let’s take a look at the good news. Broadcom reported a 14% increase in revenue from the same quarter last year, reaching $6.67 billion. This was driven by strong demand for its networking and storage products, as we…
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