Broadcom Inc. (AVGO) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest close session, Broadcom Inc. (AVGO) was down 4.37% at $329.28. This change lagged the S&P 500's 1.09% loss on the day. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 2.15%. The stock of chipmaker has fallen by 0.86% in the past month, lagging the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%. Market participants will be closely following the financial results of Broadcom Inc. in its upcoming release. The company is predicted to post an EPS of $3.82, indicating a 95.9% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $34.87 billion, indicating a 93.55% upward movement from the same quarter last year.