Broadcom reported very solid results yesterday, beating expectations. Shares of $AVGO subsequently rose 12% in the aftermarket. I'm buying now on the dips, so we'll see if the rise continues or if this is just a short-term reaction.
What do you think of Broadcom's results? Do you have shares of $AVGO in your portfolio?
I've only bought into $AMD stock from the semiconductor sector so far. But if the stock falls further, I would also buy $AVGO and $ASML.
This company is really thriving and I'm honestly starting to think about starting a position. I'll see how far the price drops and I'll probably be buying next week.
The results were great, but the stock erased the growth after a while and the decline is still continuing.