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Broadcom shares drop after earnings, despite year-to-date gains
Broadcom shares fell even after the company reported upbeat results, extending a difficult period for investors, according to MarketWatch.
MarketWatch said Broadcom stock is up only 6% so far this year, while the broader chip sector has risen about 60%.
The outlet also noted that Broadcom’s outlook appeared to offer limited upside compared with what investors expected.
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