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Where Broadcom (AVGO) Fits in the AI Trade After Earnings; Hedge Fund Selloff
Broadcom stock fell post-earnings despite strong results; panel cites a “hedge fund blowup” and reexamines AVGO’s role in the AI chip trade. Jay Hatfield sets a $450 target.
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What stands out
Broadcom (AVGO) posted solid earnings but the stock sold off, and Jay Hatfield on Schwab Network called the move a "hedge fund blowup" while putting a $450 price target on the name. That snapshot matters because it shows how much the artificial intelligence (AI) trade is driven by flows and position-squaring, not just fundamentals. The clip forces investors to ask whether Broadcom's earnings power will be rediscovered or if headline-driven re-risking will leave it sidelined for a while.
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