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Broadcom Stock Drops in Pre-Market Despite Strong Q4 Earnings

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Broadcom (AVGO) stock fell nearly 5% in pre-market trading despite reporting strong Q4 earnings. Revenue hit $18.015 billion, with adjusted EPS at $1.95, both above estimates. CEO Hock Tan tempered the market outlook, citing AI margin pressures and a $730 billion order backlog over six quarters. The fear and greed index may reflect this shift in sentiment as investor enthusiasm waned following his remarks.
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