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Story summary
- Broadcom Inc.'s stock has fallen about 15% from its all-time high after strong fiscal fourth-quarter results with record revenue of $18 billion, up 28%.
- Analysts cite a backlog of over $73 billion in AI orders, lower than expected.
- Gross margins are projected to decline due to a higher mix of AI products.
- Broadcom's outlook remains positive due to accelerating AI demand and strong capital returns, signaling buying opportunities.
