Here's Why We're Switching Sides On Broadcom (Rating Downgrade)
AVGOBroadcom(AVGO) Seeking Alpha·2024-09-16 21:56
JHVEPhoto Broadcom Inc.’s (NASDAQ:AVGO) selloff in response to its lighter-than-expected F4Q revenue guidance has largely overshadowed the company’s beneficiary position amid burgeoning AI momentum. This is consistent with a broader trend observed in the latest earnings season, whereby AI beneficiaries have been punished for falling short of or not significantly exceeding lofty expectations. Specifically, the recent selloff in semiconductor stocks indicates growing investors’ angst over the durability o ...