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Infrastructure Software Keeps Broadcom Strong amid Downturn

Infrastructure Software Keeps Broadcom Strong amid Downturn

Broadcom’s (AVGO) fiscal 2019 second-quarter earnings were in the spotlight last week, as the company slashed its full-year revenue guidance due to the US-China trade war and the Huawei ban. The guidance pulled down semiconductor stocks and dampened hopes for a recovery in the second half of the year.