Broadcom shares traded near $341 on Dec. 17, recovering slightly after their steepest three-day drop since March 2020. The stock’s slide followed guidance that fiscal Q1 gross margin will fall about 100 basis points, as AI revenue shifts toward lower-margin custom processors. Management projected Q1 revenue of $19.1 billion, above estimates, and expects AI semiconductor revenue to double year over year. Investors remain focused on margin pressures despite strong AI demand.