Broadcom (AVGO) fell 3.27% in pre-market trading, mirroring major indices declines driven by risk-off sentiment following Trump's tariff threats on European nations over the Greenland dispute.
- The stock is currently trading at $340.20, with the broader NASDAQ index down 2.18% due to the geopolitical tensions.
- Recent analysis highlights the company's strong AI revenue, projected at $20 billion in FY2025, with Q1 FY2026 guidance set at $8.2 billion.
- Despite AI strength, analysts noted concerns regarding potential overvaluation, citing a high P/S ratio of 15.93.