Broadcom’s stock cools off even as earnings show robust AI demand - MarketWatch
1. Broadcom's revenue guidance for July is $15.8 billion, surpassing expectations. 2. Second-quarter revenue hit a record of $15.0 billion, up 20% from last year. 3. AI semiconductor revenue expected to reach $5.1 billion for the current quarter. 4. Analysts call AVGO a 'must-own' AI stock, especially within fabless chip providers. 5. Investors anticipate updates on custom silicon demand in the upcoming earnings call.