Why Broadcom Stock Fell 14.1% in December

Why Broadcom Stock Fell 14.1% in December

Key PointsFiscal fourth-quarter results, released on Dec. 11, were robust, with both revenue and earnings beating Wall Street's estimates.However, investors were concerned about management's guidance for the fiscal first-quarter's gross margin. 10 stocks we like better than Broadcom › Shares of Broadcom (NASDAQ: AVGO), which designs and develops semiconductors and infrastructure software, declined 14.1% in December, according to data from S&P Gl…

Broadcom is one of four tech stocks you need to own, this investor says

FSA Valuation Service president Matt Kacur said Broadcom (Broadcom Stock Quote, Chart, News, Analysts, Financials NASDAQ:AVGO) remains a core holding in semiconductors, pointing to its central role in data movement and what he described as an attractive entry point following a recent pullback. Speaking on BNN Bloomberg’s Market Call on Jan. 6, Kacur said Broadcom […] Source