Is Broadcom Stock a Buy Now?

Broadcom exceeded its AI semiconductor revenue target with $16.7 billion in Q3 (beating the $16 billion target) and guided to $21.7 billion for Q4, representing 236% year-over-year growth. Despite strong business results, the stock has declined 31% from its peak and 4% year-to-date. The author argues the stock's valuation at 28.3x forward earnings is justified by the company's exceptional performance and represents an attractive buying opportunity, though risks remain from potential AI spending slowdowns.