AVGO
Wall Street wanted fireworks
Broadcom spent Thursday looking like it got tackled at the goal line: the stock slid as much as 15% intraday and finished down 12.59% after AI guidance came in in line with expectations. That’s not a business disaster — it’s an expectations disaster. And in stock land, those are two very different things.
The old “buy the panic” playbook
The article points out that Broadcom has only fallen more than 15% in a single session three times before, and each time the next year looked a lot prettier than the day-of chart. After the COVID crash in March 2020 and the DeepSeek-fueled AI wobble in January 2025, patient buyers were eventually rewarded with big gains. Translation: if you were waiting for a dramatic discount on a quality AI name, Thursday handed you one — whether you like the timing or not.
The Street is still cheering
Goldman Sachs and BofA both stepped in with fresh Buy calls and higher price targets, basically telling investors not to mistake a mood swing for a broken thesis. Goldman’s note leaned on a big AI revenue ramp, while BofA argued Broadcom’s decision not to raise its long-term AI target looked more conservative than concerning.
Big picture
Broadcom’s fundamentals didn’t fall apart; the bar just moved higher than reality could clear this quarter. For long-term investors, that’s the classic setup where a terrifying red candle later becomes the part of the chart people brag about buying.