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This article first appeared on GuruFocus. Broadcom (NASDAQ:AVGO) shares rallied 8.21% to $317.81 as of 10:44 a.m. ET on Monday, November 9, in regular trading, after the chipmaker set December 9 for its fiscal fourth-quarter and full-year results. Investing.com also pointed to Broadcom's VM API project entering the Cloud Native Computing Foundation Sandbox. The bounce comes days after shares hit a 52-week low of $289.77. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator.AVGO GF Value chart The bar for December is high and clear. Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86%, with AI semiconductor revenue of $16.
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