Broadcom Inc (AVGO · NASDAQ)

Broadcom shares fell 3.1% to $346.25 on Wednesday, tracking a broader semiconductor decline after CEO Hock Tan's comments on AI investor expectations and concerns over OpenAI's long-term profitability, leaving the stock down 27.9% from its 52-week high. Fundamentals remain strong: fiscal Q3 (ended July 31) revenue reached $29.59B, up from $22.19B the prior quarter, with net income of $13.09B, and the company has beaten EPS estimates in all four of its last reports, most recently $3.03 versus $2.83 expected. Trailing-twelve-month revenue of $89.10B carries a 42.9% profit margin and 44.3% ROE, while leverage is modest at 1.1x debt/EBITDA with $23.98B in cash. The stock trades at a 44.78 P/E against an analyst target of $531.31, with RSI at 48 and price 6.1% below its 50-day moving average.