Wall Street Breakfast Podcast: Broadcom Beat Meets High Hopes

Broadcom reported Q3 revenue of $29.59B, up 86% YoY, and adjusted EPS of $3.32, indicating strong operating momentum. In parallel, the DOJ broadened its beef inquiry and is seeking data from Amazon and Walmart, adding a regulatory overhang for those companies more than AVGO. Overall, AVGO’s results are the primary positive catalyst, supporting a likely stock-specific reaction.