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Broadcom: Strong AI Growth Overshadowed By Disappointing 4Q Revenue Outlook (NASDAQ:AVGO)

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What Happened in 3Q FY2024

Broadcom’s (NASDAQ:AVGO) stock dropped 10% following its 3Q FY2024 earnings report. Despite strong growth in the Infrastructure Software segment, much of it was driven by VMware, while AVGO’s core software business saw a sharp deceleration, growing

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