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Today's Summary

Broadcom Inc. shares were trading at $396.60 as of June 8 th. a bullish thesis on Broadcom inc. (avgo) is a good stock to buy now?.Broadcom ( NASDAQ:AVGO | AVGO Price Prediction) posted record revenue of $22.19 billion on June 3, 2026, beat consensus on the top and bottom line, raised guidance, and lost roughly a fifth of its market value. the numbers that triggered the selloff are the same numbers supporting the bull case AI semiconductor revenue grew 143% year-over-year to $10.80 billion, beating Broadcoms own guidance.Broadcom stock had risen 55% in two months leading up to the fiscal second-quarter earnings release. its price-to-earnings ratio (P/E) had spiked to 81, up from 69 in late January. but in the long term, Broadcom has a low five-year price to earnings-to growth ratio of 0.68, indicating it is based on its earnings expectations.