Broadcom

March 2, 2023 — Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2023, ended January 29, 2023, provided guidance for the second quarter of its fiscal year 2023 and announced its quarterly dividend. Broadcom Inc. (Nasdaq: AVGO) reported non-GAAP net income of $10.33 per share for its fiscal Q1 ended Jan. 29, Analysts polled by Capital IQ expected $10.16. Revenue for the semiconductor and infrastructure software firm increased 16% year-over-year, rising to $8.92 billion,Analysts expected $8.9 billion. The company is projecting $8.7 billion in fiscal Q2 revenue. Analysts forecast $8.6 billion. •Revenue of $8,915 million for the first quarter, up 16 percent from the prior year period •Adjusted EBITDA of $5,678 million for the first quarter •Non-GAAP diluted EPS of $10.33 for the first quarter; GAAP diluted EPS of […]

Broadcom (NASDAQ:AVGO) Stock price trend forecast and trading range: The risk of short-term decline in the stock price is high, and it is not recommended to hold a position. Updated to: 2023.1.10 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: neutral Sell high and buy low of range : none Support: $540 resistance: $600 Stop Loss Price: $540 price target: $600 Buy the position again: stop fall Mid-term trend: neutral High sell low buy range: none Support: $540 resistance: $600 Stop Loss price: $540 price target: $600 Buy the position again: stop fall Long-term trend: bullish High sell low buy of range: none Support : $540 resistance: $600 Stop Loss price: $540 price target : $600 Buy the position again: stop fall From Analysis from financial statements: Revenue for the fourth quarter

Broadcom (NASDAQ:AVGO) stock price trend forecast and trading range: 2023.1.3 From the stock price chart analysis,  its support is $540,its resistance is $580.there is a well-established trading range between $548 and $559,the stop-loss price is $540,the short-term trading price target is $559,If the stock price bounces above $546, you can buy again,The trading strategy can be to sell high and buy low or to hold the shares until the share price reaches above the target price.if the stock price moves into below $540,next its resistance is $500 and its price maybe move into between $480 and $520.The probability of a medium-term and long-term decline in stock prices is high.From Analysis from financial statements, Revenue for the fourth quarter of fiscal 2022 was $8.93 billion, market estimate was $8.90 billion, YoY+20.56%, net profit was $3.311 billion, YoY+72.99%, EPS was $7.8104, YoY+75.96%. The market is worried about the demand for consumer electronic