Broadcom Can't Stop Falling. Overreaction or AI Stock Warning Sign?

Broadcom Can't Stop Falling. Overreaction or AI Stock Warning Sign?

Quick Read Broadcom (AVGO) shares fell over 17% across three trading days despite beating Q4 earnings expectations. Investors focused on gross margin pressure from higher AI revenue mix. Broadcom AI revenue hit $6.5B in Q4, up 74% year-over-year. The company secured major custom chip contracts with Google and Meta Platforms. Analysts maintain Strong Buy ratings with a $455 average price target, implying 33% upside. Broadcom trades at a 0.69 P…