AVGO--

avgo earnings strong ai demand revenue beat forecast

AVGO
Ok here me out. Earnings were so strong but they were looking for a massive raise due to raised AI demand but they had reported AI demand remains explosive, AI revenue beat own forecast, Q3 revenue expected to reach $16BN, over 200%+ YoY growth.
Broadcom is also up 70%+ in the last 2 months so lets be fair... it was a bit overbought for such a giant. I believe this dip right to the 34MA will shape up for the next leg up through summer & fall for 550.
My thesis hasn't change. It's a matter of building a base in the same range where it was just lastweek
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