Why Broadcom Stock Crashed Today
Source: Motley Fool
2026-06-04 10:33:36 ET
Broadcom (NASDAQ: AVGO) stock tumbled 15.2% through 9:50 a.m. ET Thursday despite beating analyst forecasts for Q2 2026 earnings last night.
Heading into the report, analysts forecast Broadcom would earn $2.39 per share on sales of just over $22 billion. Broadcom beat on both top and bottom lines, claiming non-GAAP earnings of $2.44 per share and sales of nearly $22.2 billion.
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Broadcom Inc.
NASDAQ: AVGO
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Stock Market Today, June 5: Broadcom Falls as Strong AI Results Fail to Lift Guidance
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