Broadcom (NASDAQ: AVGO), is scheduled to release its fiscal first-quarter earnings after the market closes today. Analysts anticipate revenue of approximately $14.61 billion, marking a 22% year-over-year increase, and adjusted net income of $7.39 billion, up from $5.25 billion in the same period last year. Despite recent stock declines, top analysts remain optimistic about Broadcom’s performance. Evercore’s Mark Lipacis, who ranks in the top 1% of Wall Street stock experts, notes encouraging demand for Broadcom’s networking equipment, driven by positive capital expenditure commentary from major hyperscalers.
As of 1:34 PM EST on March 6, 2025, Broadcom shares were trading at $181.49, down $10.10 (5.3%) from the previous close.
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About Broadcom
Broadcom (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. With a commitment to innovation, Broadcom serves diverse markets, including data center, networking, software, broadband, wireless, and storage, aiming to empower its customers with industry-leading solutions.
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