Heading into Q2, I expected Broadcom Inc. to raise the FY2027 AI bar, and it didn't. Therefore, I am not surprised by the nearly 20% drop since the Q2 print. I added to my AVGO position because I believe Q3 AI semiconductor revenue still points to hypergrowth, even though the Street wanted to see more. I now need to see bookings turning into shipments. The $30B-plus AI order book is only valuable if Broadcom delivers on time.