Few companies have ridden the artificial intelligence (AI) infrastructure boom as successfully as Broadcom (NASDAQ: AVGO). The tech giant has been a go-to name for investors looking to play the buildout of AI data centers, and its shares are up around 40% over the past year as a result. Every fresh sign of accelerating demand for its custom chips has been met with enthusiasm, and for good reason.
Lately, though, that enthusiasm has started to cool in a way that's worth paying attention to. Despite briefly hitting an all-time high after its earnings report last month, the stock has since fallen more than 20% from that peak.
