Broadcom's Momentum Continues, but Stock Slides. Is It Time to Buy the Stock?
Broadcom's stock fell after reporting earnings despite another quarter of robust top- and bottom-line growth.Broadcom (AVGO 5.65%) ended its fiscal year riding strong momentum from increasing artificial intelligence (AI) infrastructure demand. However, the stock slipped after CEO Hock Tan clumsily answered a question about customer-owned tooling, which is the risk that customers would take the bulk of the design work in-house and forgo using Broadcom.Let's take a closer look at Broadcom's recent results to ...