Broadcom stock slip on revenue miss
Semis
Broadcom missed fiscal Q2 revenue estimates and its stock is sliding in after-hours trading, adding to a -0.5% intraday loss. The revenue miss and cautious outlook create a near-term overhang even as the broader semi cohort sees rotation into names like Marvell and Micron.
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Angle
↔ PAIR-7% target+4% stop3-5 days post-print
Fade AVGO near-term on revenue miss / guidance overhang while rotating into MRVL as the cleaner AI semi beneficiary.