AVGO is trading at $331.22 (-2.95%), continuing its post-earnings decline amid investor concerns over gross margin pressure stemming from a higher mix of lower-margin AI revenue.
- The current move contributes to a cumulative 17% drop over the last three sessions, occurring against a mixed market (NASDAQ down 0.19%).
- The decline persists despite strong growth in AI semiconductors and bullish analyst targets ranging from $435 to $500.
- Analysts largely view the recent selloff as an overreaction, anticipating sustained AI demand moving forward.