"Wall Street Underwhelmed by Broadcom's Q1 Results and Stock Falls, Analysts Reveal New Price Targets"

Broadcom's first quarter results surpassed analyst estimates but fell short of investor expectations, causing shares to dip slightly. The company's performance was impacted by weakness in iPhone sales, as Apple is one of its major clients. Additionally, the acquisition of VMware weighed on profits for the quarter, but is expected to drive future growth. The semiconductor industry continues to face challenges related to Chinese market dynamics and potential legislation, influencing the performance of companies like Broadcom.