Sentiment: Negative
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Is Broadcom (AVGO) Stock a Buy After the Chip Sell-Off?
By Trader Edge at 2026-10-26 09:51
Sentiment: Negative
TLDR Broadcom (AVGO) closed at $328.75 on Friday, October 16, down 4.52% on heavy chip selling. Worries about AI spending, higher borrowing costs and rich valuations are weighing on the sector. Melius Research analyst Ben Reitzes keeps a $610 price target on the stock. Broadcom posted third-quarter revenue of $29.6 billion, up 86% from a [...] The post Is Broadcom (AVGO) Stock a Buy After the Chip Sell-Off? appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central