Broadcom Faces Market Uncertainty Ahead of Key Earnings Report
Analysts remain optimistic despite recent stock volatility and sector pressures.
- Broadcom's third-quarter earnings report is due after market close on Thursday, with analysts expecting $1.20 EPS and $12.96 billion in revenue.
- The semiconductor sector, including Broadcom, has been affected by a sell-off in leading stocks like Nvidia.
- Former House Speaker Nancy Pelosi's recent investment in Broadcom has drawn attention, involving call options adjusted after a stock split.
- Broadcom's stock shows a potential bullish reversal pattern, but recent gains have occurred on decreasing trading volumes.
- Key price levels for investors to watch are $157 and $141 on the downside, and $168 and $195 on the upside.