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Morgan Stanley resets Broadcom price target after earnings [Yahoo! Finance]

Broadcom Inc. (AVGO)  More Company Research Source: Yahoo! Finance
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
The stock closed 4.8% higher at $322.77 on the next day, according to Yahoo Finance AI-heavy stock not crashing following the earnings report has become a rarity, even when the earnings are very strong, as we've seen with Nvidia . For more on that phenomenon, read my article “ Bank of America resets Nvidia price target after earnings .” “Consistent with our commitment to return excess cash to shareholders, we returned $10.9 billion in the first quarter through $3.1 billion of cash dividends and $7.8 billion of stock repurchases,” said Broadcom CFO Kirsten Spears. I think the buybacks are what saved Broadcom from a sell-off — smart move. AI hype has created an extremely volatile stock market atmosphere, in which investors imagine that the technology can replace anyone and anything. I wrote about how AI can't even replace a simple search in my article “ Salesforce AI faces backlash from customers .” Failing to understand the limitations of AI, we see investors thinking that so [Read more]
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Stockreport

Morgan Stanley resets Broadcom price target after earnings [Yahoo! Finance]

Broadcom Inc.  (AVGO) 
More Company Research Source: Yahoo! Finance
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
The stock closed 4.8% higher at $322.77 on the next day, according to Yahoo Finance AI-heavy stock not crashing following the earnings report has become a rarity, even when the earnings are very strong, as we've seen with Nvidia . For more on that phenomenon, read my article “ Bank of America resets Nvidia price target after earnings .” “Consistent with our commitment to return excess cash to shareholders, we returned $10.9 billion in the first quarter through $3.1 billion of cash dividends and $7.8 billion of stock repurchases,” said Broadcom CFO Kirsten Spears. I think the buybacks are what saved Broadcom from a sell-off — smart move. AI hype has created an extremely volatile stock market atmosphere, in which investors imagine that the technology can replace anyone and anything. I wrote about how AI can't even replace a simple search in my article “ Salesforce AI faces backlash from customers .” Failing to understand the limitations of AI, we see investors thinking that so [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AVGO
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS