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Broadcom stock slips 2% premarket as tech pulls back. Is AVGO’s long-term uptrend still intact? Get the full analysis.
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Cathie Wood's Ark Invest added to positions in Broadcom, Cerebras Systems, and Cloudflare on Wednesday, taking advantage of market pullbacks. All three stocks have declined 14-53% from recent all-time highs but show strong revenue growth and business fundamentals, with Broadcom expected to report 85% revenue growth and Cerebras showing 74% growth despite customer concentration concerns.
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Read original at benzinga