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Broadcom Inc. (NASDAQ: $AVGO) experienced notable trading activity following its recent earnings report. The stock reached a high of $210 in after-hours trading on March 8, 2025. Analysts suggest that investors should consider purchasing shares if the price dips to around $182 or $183, as the company has faced a year-to-date loss of nearly 20%, reflecting negative sentiment in the semiconductor sector. Additionally, Broadcom CEO Hock Tan has ruled out any interest in mergers and acquisitions involving Intel (NASDAQ: $INTC), disappointing investors hoping for a turnaround in the struggling chipmaker. The stock is currently trading above its 200-day moving average, indicating a potential recovery as it attempts to clear resistance levels.
Broadcom CEO deals a fresh blow to Intel bulls Ruling out his company's M&A interest this week, Broadcom (NASDAQ: $AVGO) CEO Hock Tan disappointed Intel (NASDAQ: $INTC) investors, who were looking for a turnaround in the once-mighty chip giant. Given how often Broadcom (NASDAQ:…
$AVGO Above the 200D, that is something. Great report overall, trying to clear the 8D.. go to status in semi's on a bounce https://t.co/cN7kjGznZX
$AVGO Cramer Club Jim said investors who don’t own Broadcom need to “pounce on the stock” if it were to come down to $182 or $183 per share. Broadcom’s year-to-date loss of nearly 20% is a reflection of the negative sentiment toward semiconductors.