Is Broadcom Stock a Buy Now?

Shares of semiconductor giant Broadcom (AVGO -2.12%) have more than doubled in the past year, but they fell nearly 7% in early March after the company released results for fiscal 2024's first quarter (ended Feb. 4) -- and that was despite better-than-expected numbers.Broadcom's revenue and earnings exceeded expectations, while its fiscal 2024 revenue guidance of $50 billion was slightly ahead of the $49.8 billion consensus estimate. Investors, however, were probably expecting more from Broadcom in light of ...