Here's What I Think Is Going on With Broadcom Stock

Broadcom's AI chip sales rose 143% year over year to a record $10.8 billion in the fiscal second quarter. The company's revenue grew 48% to a record $22.2 billion, led by the semiconductor solutions segment. Broadcom's profit margins held near record levels. The stock fell 13% and 8% after the report, erasing hundreds of billions of dollars in market value. The decline is attributed to the stock's prior climb rather than the company's results.