Broadcom (AVGO)

Broadcom's price has dropped roughly a tenth below where it sat just a month ago.

What is going on right now?

The stock has slid steadily and is now sitting well below its recent trading range, on lighter-than-usual daily activity, about 15.9 million shares versus a recent average closer to 21.7 million.

How is the business itself doing?

Broadcom designs chips and software that power data centers and networking. Its revenue nearly doubled over the past year, up about 85%, and its earnings more than tripled. The company keeps roughly 43 cents of every dollar it brings in as profit.

What stands out?

The price has fallen unusually fast in a short time, even though the company's earnings picture has been growing quickly. That gap between a sinking price and rising earnings is the most notable thing here.

What comes next?

Broadcom's next earnings report lands on December 9, the first chance to see whether the current wave of spending on artificial intelligence chips is still showing up in its order books.