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Broadcom stock is gaining ground today following Apple 's presentation of new mobile and wearable hardware yesterday. Following the event, KeyBanc published a report that listed Broadcom as one of the likely components winners from the launch of Apple's upcoming iPhone 16 lines.

Broadcom (NASDAQ: AVGO) investors got a reality check last week following the release of the company's fiscal 2024 third-quarter results (for the three months ended Aug. 4). As a result, shares of the semiconductor giant tumbled more than 10% in a single session,

We are bullish on Broadcom's strong financials, AI growth, and diverse portfolio despite recent stock consolidation and market volatility. See more on AVGO stock.

Broadcom Inc. (NASDAQ:AVGO) reported stronger-than-expected earnings and sales results for its third quarter. The company’s quarterly revenue of $13.072 billion, beating analyst estimates of $12.96 billion,