Trends-US

Broadcom ‘Primed for Disappointment’ After Blistering 180% Rally

Broadcom Inc. has been one of the hottest stocks in the market this year, driven by the enthusiasm for all things artificial intelligence. But with its quarterly earnings due after the close Thursday, investors are wondering if that will be enough to power the next leg of the rally.

“Our fear is that it’s kind of primed for disappointment,” said Peter Sorrentino, manager of global growth equity strategy at Huntington National Bank, which holds Broadcom shares.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button