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Stock price avgo with Broadcom’s latest earnings beat
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With Broadcom’s latest earnings beat, stock price AVGO reacted with a 2% intraday jump, as revenue from networking and storage chips continued to rise, indicating persistent demand in enterprise and cloud segments. “Shares of fellow semiconductor giant Broadcom Inc. (NASDAQ:AVGO) also outperformed during the quarter, as customer demand for the company’s custom accelerator chips remained insatiable despite the uncertain economic environment. The company is on pace for 10 consecutive quarters of AI-related semiconductor growth and expects continued strong demand persist, due to the sizable AI opportunity. In addition to its dominant market position, the company’s history of strong capital returns to shareholders results in a favorable outlook for a sizable investor base.” Columbia Threadneedle Global Technology Growth Strategy stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its second quarter 2025 investor letter: Analysts tracking stock price AVGO highlight strong fundamentals, including a $19B backlog in semiconductor orders. This backlog supports price stability and upward motion over the next quarter despite macro headwinds.