Broadcom’s stock is dropping — but here’s the big thing investors are missing

Broadcom Inc. showed momentum for its artificial-intelligence chips in its latest earnings report, but its stock is falling more than 3% in Friday morning action. Investors might be quibbling over the relatively small magnitude of the company’s guidance beat or simply taking a breather after the stock’s strong recent rally.

But with Broadcom’s

AVGO guidance for AI revenue coming in better than expected, investors should be patient, analysts said.