Broadcom Stock Plunges 16% Despite Record AI Quarter: What Traders Need to Know
Broadcom just posted its best AI quarter ever, but the stock cratered 16%. This isn't about headlines; it's about declining margins and institutional money quietly exiting. Smart money is betting against AVGO, even as the AI narrative rages.
Broadcom (AVGO) dropped a brutal 16% even after smashing records. Q2 revenue hit $22.2 billion, up 48% YoY, with AI chip revenue soaring 143% to $10.8 billion. Bookings are stacked through 2028. On paper, it's a blowout. But the market doesn't trade on paper; it trades on reality.