Broadcom Pops On Unwarranted Optimism, Sell (Rating Downgrade)

DNY59 Introduction Given its positioning as a major infrastructure player in the golden era of AI, Broadcom Inc. (NASDAQ:AVGO)(NEOE:AVGO:CA) has enjoyed a monstrous stock price rally in recent months. And, in light of reporting a top and bottom line beat for Q2 FY2024, Broadcom stock has popped up by another ~13.5% in the after-hours session:   GoogleFinance In this note, we shall examine Broadcom's latest quarterly report and re-run the stock through our valuation model to determine AVGO's long-term ri ...