Could ya'll start rowing a little harder?
Broadcom Slides After Sluggish Non-AI Sales Weigh on Forecast: https://finance.yahoo.com/news/broadcom-gives-tepid-forecast-sign-203930509.html
A slowing growth trend does not bode well for such a leveraged business and WTF is with the attempt at branding as an AI business?
One can dream of driving only AI Lambo with stock tanking. $69 billion went to drains. Big Ponzi scheme by Dell and Silverlake has to be investigated.
New data from Goldman's Peter Oppenheimer, citing analytics firm Similarweb, reveals that the total number of monthly visits to ChatGPT's website sharply declined from spring through mid-summer, as reported in a note to clients on Thursday.
The people who are using VR goggles to live in Metaverse and buying digital Lambo NFTs and chatting with AI girlfriends is shrinking rapidly. Most of these people are returning back to shrrooms and opi--ds to waste their lives.
Broadcom bubble will pop, hopefully it induces high BP on our glorious leader, blessed be he.
I bought the dip at 160. Lambo soon.
There will be massive layoff in coming days. BC has realized that acquisition was a flop show. $69 billion was pumped to drain.
https://seekingalpha.com/article/4719394-broadcom-q3-vmware-integration-unlikely-to-be-successful
Save money for food and shelter folks....I'm still jobless after layoff and job market is just horrible.
Lose it much, Loser? Must work for Broadcom
“
OP here. I’m impressed with the… We have compromised our priorities and our souls to attain “the dream”. Remember this in November when you seek an economic environment that underpins your hard work and provide future opportunity for your kids”
Oh! A political based rant FU OP.
OP here. I’m impressed with the “macro view” my posting inspired. Yes, captains of industry who sacrifice everything to keep the wife and kids in an Audi SUV, million dollar + starter home, and private schools because the public ones absolutely su-k. We have compromised our priorities and our souls to attain “the dream”. Remember this in November when you seek an economic environment that underpins your hard work and provide future opportunity for your kids
Me already lolost lot of monies
It is just paper wealth. You are made to look rick and smart. The wealth effect. People feel richer and smarter and then buy Teslas at 130k and Mc Mansions at 3 mil. Then you spend every dollar you earn in interest on the debt. You become a debt slave. When the stock market and hosing market crashes from time to time (2000, 2008, 2020) the really smart people are wiped out. All their wealth goes to the top 1% who come in and buy your assets at rock bottom prices. The next crash is due.
A value stock like Broadcom that has a decent dividend and growing revenues at 4% annually should have a PE of 15. That means the stock should be at 40.
At PE 15 for a company growing at 4% annually, the stock should be around 40.
Need more Layoffs.....
Yeap!! Just nominated you.
What AI in Broadcom?! I guess Hock messed a lot with VMware acquisition and now everyone will pay the price.
Stock goes down, no reason to be around.
Need more Layoffs.....
Guidance for Q4 is soft.
California-based Broadcom expects revenue of around $14 billion, while analysts polled by LSEG expected $14.04 billion.
Selling intensified as Hock talked more. 136 is a critical support. After that 120 is where you get some more support. 90 seems a reasonable target for year end.