business
5-star analyst revamps Broadcom stock price target after earnings
Key takeaways
- The semiconductor and software giant dished out another superb quarterly showing in Q2, extending its impressive streak of posting beats across both lines.
- Sales jumped sharply year-over-year, while profits continued to grow on the back of surging demand for AI infrastructure.
- Despite the strong quarterly results, investors were left disappointed, particularly those expecting the kind of upside many analysts had forecast.
The semiconductor and software giant dished out another superb quarterly showing in Q2, extending its impressive streak of posting beats across both lines.
Sales jumped sharply year-over-year, while profits continued to grow on the back of surging demand for AI infrastructure.
Despite the strong quarterly results, investors were left disappointed, particularly those expecting the kind of upside many analysts had forecast.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop