Overview
- Broadcom stock fell about 5.4% to roughly $340.59 on Monday, according to Benzinga Pro data.
- The company projected fiscal first-quarter revenue of approximately $19.1 billion, above the $18.27 billion consensus.
- Management guided for a sequential gross-margin contraction of about 100 basis points in the first quarter.
- Monday’s drop extended weakness following last week’s cautious outlook from the company.
- The Benzinga report included basic guidance on buying or shorting the stock and disclosed partial AI-assisted content production.