Broadcom Faces Mixed Signals Ahead Of Q3 Earnings

Broadcom reports third-quarter results after Wednesday’s close, with analysts expecting $29.241 billion in revenue and $3.215 in adjusted earnings. According to BeInCrypto, the stock has risen 4% from last week’s low to $370.34 but remains 23% below its June 2 record, while Wall Street still rates it a Strong Buy with 25 buy ratings, three holds and no sells. AI chips are expected to account for $16 billion, or 54%, of sales.