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Wed, December 18, 2024
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[ 02:41 PM ] - The Globe and Mail
Why Broadcom Stock Is Slipping Today

Why Broadcom Stock Is Slipping Today


Published on 2024-12-17 14:41:17 - The Globe and Mail
  Print publication without navigation

  • High expectations are now baked into Broadcom's stock price. It trades at a price-to-earnings ratio of nearly 50 based on adjusted earnings, and its growth rate will moderate as it laps its acquisition of VMware, which closed in November 2023.

The article from The Globe and Mail discusses the reasons behind the recent decline in Broadcom's stock price. Despite reporting better-than-expected earnings for the fiscal second quarter, Broadcom's stock slipped due to several factors. Firstly, the company provided a cautious outlook for the upcoming quarter, projecting revenue slightly below Wall Street expectations. Additionally, concerns about the sustainability of demand in key markets like semiconductors and networking, coupled with ongoing global supply chain issues, have contributed to investor apprehension. The article also mentions that while Broadcom has been benefiting from the 5G rollout and data center demand, there are worries about potential slowdowns in these sectors. Furthermore, the broader market's reaction to inflation fears and potential interest rate hikes has also played a role in the stock's downturn.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/NVDA/pressreleases/30094028/why-broadcom-stock-is-slipping-today/ ]
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