Broadcom: Beware The FOMO Rally

alvarez/E+ via Getty ImagesBroadcom (NASDAQ:AVGO) delivered better than expected earnings results for the second fiscal quarter on Wednesday that helped to make quite an impression: the firm saw double-digit top-line momentum, beat earnings and top-line estimates by wide margins, due to strong demand for the company’s AI products, and Broadcom announced a 10-for-1 stock split which is set to make shares more appealing to investors. However, shares of the tech firm are quite expensive now and trade well  ...