Broadcom Delivers Upbeat Forecast, Coinbase Rallies, Moderna Rises
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Broadcom (AVGO) delivered a solid sales forecast and announced a stock buyback plan worth as much as $10 billion, signaling that its push to capitalize on AI spending is paying off. Revenue will be about $22 billion in the fiscal second quarter, which ends May 3, the company said in a statement Wednesday. Analysts had estimated $20.5 billion on average, with some projections topping $22 billion, according to data compiled by Bloomberg. But the company has also faced skepticism about its AI prospects…
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