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Story summary
- Broadcom will report Q3 earnings after market close Wednesday.
- Its market cap is $1.75 trillion, approaching $2 trillion, topping Tesla, SpaceX, Eli Lilly and JPMorgan.
- Shares fell nearly 13% after the last earnings and about 23% this month.
- Traders may sell an out-of-the-money put ~10% below Friday’s close and a call spread for a $7 credit.
- If AI guidance disappoints again, the stock could drop to about $328 per share.
