Broadcom shares down nearly 40% from all-time high
AVGO Broadcom Inc
$319.48 +8.78%
View chart & analysis → - 1Broadcom closed at $291.53 on November 5, representing a decline of nearly 40% from its all-time high closing price of $481.57 on June 2.
- 2Broadcom quarterly revenue has nearly doubled since the last trading day when shares were at this low level.
- 3CEO Hock Tan stated that the company has secured supply to double AI semiconductor revenue again to reach approximately $115 billion in fiscal year 2027.
So what's the key point?
Broadcom shares have fallen nearly 40% from their peak. However, revenue has doubled and the company is prepared to increase AI semiconductor sales further.
Source The Motley Fool +1 · View original ↗
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