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Thursday, June 1, 2023

Buy Broadcom as It Plans $61B VMWare Deal? The Chart Hints.

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Shares of Broadcom  (AVGO) – Get Broadcom Inc. Report are hesitantly having fun with a pleasant post-earnings rally, up about 4% on Thursday.

But there’s much more to kind by than an everyday earnings report.

While the corporate dished out a top- and bottom-line beat and a contemporary $10 billion inventory buyback, all of that’s being overshadowed by its $61 billion cash-and-stock deal for VMWare  (VMW) – Get VMware, Inc. Class A Report.

Shares of VMWare started buying and selling larger a couple of days in the past on studies that Broadcom might be prepping a $50 billion deal for the corporate.

Source: www.thestreet.com

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