Broadcom shares drop 5.64% despite 86% revenue surge
Broadcom (NASDAQ: AVGO) fell 5.64% to $346.54, even after quarterly revenue jumped 86%. A separate Reuters report highlighted a problem in the quarter.
Broadcom NASDAQ:AVGO, the AI-chip and infrastructure-software powerhouse, tumbled 5.64% to $346.54 on Thursdayeven after quarterly revenue rocketed 86%.
A separate Reuters report exposed the problem.
The quarter was huge.
The bar was brutal.
The stock paid the price.Broadcom's third-quarter release…