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Gary Black: AVGO drops after hours as AI guidance misses expectations

Gary Black: AVGO drops after hours as AI guidance misses expectations
AVGO drops after optimism fades

Gary Black, managing partner and investor at The Future Fund, highlighted that AVGO shares fell 6.7 percent after hours following its second-quarter earnings report, which beat expectations.

He noted that while third-quarter revenue guidance came in above expectations, the outlook for AI semiconductor solutions was slightly below forecasts. AVGO stock had previously risen 13 percent over the past five trading sessions.

Earlier this week, Black noted that AVGO shares had climbed on renewed Wall Street interest in custom AI chips. In a separate development, he highlighted when SK Hynix reached a $1 trillion market cap, joining other major semiconductor firms. These observations follow a period of heightened attention on the semiconductor sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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