AVGO is trading at 3% down now at $349.09 as investors continue reacting to its latest earnings and guidance, which highlighted near-term AI-driven margin pressure despite strong revenue growth.
- The current slide follows Friday’s 11% drop after the initial release of the financial results.
- Management flagged 100 bps of gross margin compression and future 2026 tax headwinds as key concerns.
- Major firms like UBS and Morgan Stanley lifted price targets based on Broadcom’s robust long-term AI demand outlook.