Broadcom Inc. (AVGO) Stock: Slides 4% After Hours Despite AI Revenue Soar by 46%

Broadcom Inc. (AVGO) Stock: Slides 4% After Hours Despite AI Revenue Soar by 46%

TLDR

  • AI Push Powers Broadcom’s Q2 Surge, But Shares Dip 4.4% After Hours.

  • Broadcom Hits $15B Revenue on AI Demand, Yet Profit-Takers Trigger After-Hours Drop.

  • Strong Q2, Big Buybacks, $7B Returned — But Market Reacts Cautiously.

  • AVGO Sees 46% AI Revenue Growth, Eyes $5.1B in Q3, Still Faces Near-Term Selloff.

  • Broadcom’s Solid Earnings and Dividend Stay Intact Amid AI Momentum and Volatile Trading.

Broadcom Inc. (AVGO) shares closed at $259.93 on June 5, down…

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https://coincentral.com/broadcom-inc-avgo-stock-slides-4-after-hours-despite-ai-revenue-soar-by-46/