Broadcom (AVGO) just dropped roughly 13% after its Q2 earnings report, dragging down major peers like Micron and Qualcomm.Interestingly, the company actually reported a revenue beat ($22.2B vs $22.13B expected) and record operating margins. However, the market penalized the stock simply because management didn't raise its long-term $100B+ AI revenue guidance for 2027. It feels like a classic case of "good enough isn't good enough" when valuations are priced to perfection.Are we looking at a temporary rotation out of tech, or is the AI hardware trade finally starting to cool down? 💸👇
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