🔴 Broadcom is trading 3.2% down today on continued AI guidance disappointment and sector-wide pressure

Broadcom is trading at $387.24 (3.2% down) as the stock continues to digest a sharp post-earnings selloff tied to investor disappointment regarding its AI chip revenue outlook and long-term guidance.

• Sentiment remains pressured by the company's decision not to raise its long-term AI revenue target of over $100 billion, despite reporting strong quarterly results.
• The stock is facing additional headwinds from broader weakness across the semiconductor sector, which is weighing on the industry as a whole.