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Is Broadcom Stock in Trouble?
Revenue rose 86% and adjusted EPS jumped 96%, but Broadcom said fourth-quarter sales would be $34.8 billion, below Wall Street estimates.
Summary
Key PointsA couple of underwhelming earnings reports have weighed on Broadcom's stock of late.The business, however, continues to experience strong growth due to artificial intelligence.The stock's valuation looks light compared to the average stock on the S&P 500.10 stocks we like better than Broadcom › Broadcom (NASDAQ:AVGO)'s stock has soared close to 600% over the past five years. But lately, things haven't been as rosy for the custom chipma…