AVGO has just crashed by over 12%. But I think the market is overreacting. Gross margins are expected to decline to 74% due to a higher AI revenue mix, but management asserts this is not a structural risk. AVGO's growth rates are not a concern, as some investors I discussed with believe. Long-term oriented buyers can generate double-digit total returns.
Broadcom Has Just Crashed - I'm Buying This Dip (Rating Upgrade)
Source: Seeking Alpha