Hardware3d ago
Hardware
Citi Revisits Broadcom Price Target After Selloff
Broadcom shares dropped 12.6% on June 4 following quarterly results that met expectations but failed to excite investors. Citi analysts are now recalibrating the stock's price target amid this volatility. The dip reflects market impatience with AI chip growth trajectories. Hardware investors must now weigh short-term price corrections against long-term AVGO demand.