Broadcom Stocks Fall 6.42% With $21.7 Billion AI Forecast in Focus

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This article first appeared on GuruFocus. Broadcom (NASDAQ:AVGO), the semiconductor and software supplier, sank 6.42% to $304.60 at 10:15 a.m. ET in November 5 regular trading. The AI infrastructure selloff put its custom chips and networking business back under pressure as investors questioned the pace of data-center expansion. Broadcom's trading performance reflects that unease, but a falling share price alone does not establish that management's outlook has changed. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator.AVGO GF Value chart The growth hurdle is steep. Broadcom's September 2 financial release reported quarterly AI semiconductor revenue of $16.