Earnings

Why Broadcom stock is tumbling after an earnings beat — and how to play the dip

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A sign is posted in front of a Broadcom office in San Jose, California.
Justin Sullivan | Getty Images

Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. But management’s guidance for the current quarter disappointed investors, sending shares of the chipmaker down nearly 7% in the after market. This is too harsh of a reaction to an otherwise solid print.

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