Broadcom Inc's (NASDAQ:AVGO, XETRA:1YD) fiscal second-quarter earnings report, released after the bell on Wednesday, was not a disaster by any conventional measure. Revenue climbed 48% year on year to $22.19 billion, net income rose 88%, and the company guided for third-quarter revenue of $29.4 billion, comfortably ahead of Wall Street expectations.
Broadcom: One bad quarter, one market meltdown. Is the AI trade finally running out of road?
Source: Proactive Investors