Broadcom Falls After Nvidia Earnings, but Here’s Why Investors Should Still Buy

• Broadcom (AVGO) began shipping the industry’s first 2nm custom compute chip with 10-15% higher performance or 25-30% lower power versus 3nm.

• Broadcom holds a $73B AI backlog and analysts project 60% market share in AI server compute ASICs by 2027.

• The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.

Nvidia (NASDAQ:NVDA) delivered another blockbuster quarter, reporting fiscal fourth-quarter revenue and earnings that easily trounced Wall Street’s expectations as demand for its advanced artificial intelligence (AI) accelerators remains white hot. With enterprise and hyperscaler demand for AI infrastructure showing no signs of slowing, the chipmaker’s fundamentals remain rock-solid.

Yet Nvidia’s stock is tumbling 5% in morning trading today as AI fatigue, sky-high valuations potentially limiting further upside opportunity, and concerns about heavy customer concentration rippled across the sector. Broadcom (NASDAQ:AVGO) shares were…