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Why we’re raising our price target on Broadcom despite sell-off

Broadcom’s AI business will continue to shine and outpace the conservative forecast.

Broadcom posted strong quarterly results after the bell on Wednesday, but didn’t provide enough upside to its guidance to move the stock higher. Revenue in the fiscal second quarter of 2026, which ended May 3, was $22.19 billion, a slight miss versus… [7540 chars]

Source: CNBC | Published: 2026-06-03T23:57:29Z

Credit: CNBC

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