By Unknown
Publication Date: 2026-11-04 18:22:00
Key Points
Broadcom’s AI semiconductor revenue came in at $16.7 billion last quarter, topping the $16 billion target it set in August.
Management guided to even higher AI revenue next quarter, so it’s harder to argue that the company will see a slowdown in growth despite competition from Marvell.
The stock trades below its peak at a premium valuation, which I think the results make easier to justify.
Broadcom(NASDAQ: AVGO) has had a rough year on Wall Street, with shares falling 31% from their all-time high and down 4% since the beginning of 2026. The latest setback came Friday, when Intel‘s disappointing fourth-quarter guidance triggered a broad sell-off in semiconductor stocks.
But there’s an interesting disconnect between Broadcom’s stock performance and its actual business results. And I think investors should be paying attention.
Missed AI’s “Act 1”? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to…
