Broadcom Cut to Neutral at Seaport: Has the AI Chip Party Finally Gone Too Far?

Broadcom downgraded by Seaport Research as it deals with 'the limits of the industry' (AVGO:NASDAQ)

Broadcom (AVGO) downgraded to Neutral as Seaport flags AI semiconductor “limits,” customer financing risks, and data-center scaling concerns—get the key...

Broadcom Cut to Neutral at Seaport: Has the AI Chip Party Finally Gone Too Far?

The post Broadcom Cut to Neutral at Seaport: Has the AI Chip Party Finally Gone Too Far? appeared first on 24/7 Wall St.. Quick Read Broadcom (AVGO) received a downgrade to Neutral from Seaport Global Securities, citing valuation concerns after the stock’s massive one-year surge pushed its trailing P/E to 65x despite strong AI fundamentals and a 106% year-over-year jump in AI revenue to $8.4 billion. Seaport’s cautious call stands in stark co…