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Posted by
Two Blokes Jun 6 -
Filed in
Stock
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8 views
Broadcom's stock is trading down post-earnings on in-line results, which is understandable considering the 55% rally since the start of the quarter and the RSI being in or near overbought territory since May 9th. We've been waiting for a window like this at Broadcom because we think it's building up to be the industry go-to in ASIC and is uniquely positioned in AI networking. ASIC is a lower-margin business, but Broadcom's margins, unlike Marvell's, are expanding, not contracting, because it has other legs to offset.
