Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Thursday, June 4th. I'm Julie Morgan.

Broadcom is down 12% in early trading, even after reporting second quarter results and guidance that cleared Wall Street's bar.

For the period ending May 3rd, AVGO said it earned and adjusted $2.44 per share,

as revenue rose 48% year-over year to $22.19 billion.

Included in that number was $15.01 billion for semiconductors, up 79% year over year,

while infrastructure revenue rose 9% to $7.18 billion. Analysts had expected the company to

earn and adjusted $2.39 per share on $22.13 billion in revenue. Looking ahead,

Broadcom said it expects third quarter revenue to be approximately $29.4 billion,

with adjusted EBITA around 68%. Analyst had expected $28.25 billion in third quarter sales. Jonathan Weber, investing group

leader for Cashflow Club, said the results were very strong and the company is benefiting from the

massive tailwind that is AI. Weber goes on to say that while Broadcom was cheaper earlier this year,

it's not overly expensive

today, and with its accelerating growth rate, he still likes the stock. In addition, Broadcom

said its board of directors approved a quarterly cash dividend of 65 cents per share. The dividend is

payable on the last day of June to stockholders of record on June 22nd.

Disney has begun to sell ad time for Super Bowl 61 at $8 million for a 30-second spot,

a discount from the $10 million it was hoping for.

Disney said in a statement that advertisers are leaning in early, recognizing the unmatched

scale and cultural impact of the game, with investment coming from seven major categories,

led by AI, finance, and pharma. However, according to Variety, Disney had initially set a floor

at $9 million for a 30-second ad, with a majority of

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