From Yahoo Finance: 2025-06-07 15:08:00

Broadcom Inc. (AVGO) saw its share prices drop 5% on Friday, closing at $246.93, despite strong earnings. The company reported a net income of $4.965 billion, up 134% from the previous year, with revenues increasing by 20% to $15 billion. President and CEO Hock Tan highlighted record revenue in the second quarter, driven by AI semiconductor solutions. AVGO also declared a cash dividend of $0.59 per share. Despite its performance, AVGO ranks 6th on the list of Friday’s worst-performing stocks, with potential for investment but facing competition from other AI stocks.



Read more at Yahoo Finance: Why Broadcom Inc. (AVGO) Crashed On Friday