TMTB: AVGO (Broadcom) First Take

AVGO flat as overall solid numbers. Decent Q1 but not a blowout: rev/EPS landed between street and buyside, AI semi at $8.4B grew 106% y/y and beat street but fell short of the buyside bogey at $9B. Q2 guide better: $22B rev is a massive beat to the $20.5B street (47% y/y growth) but just in line with bogeys and $10.7B AI semi rev obliterates the $9.3B street # and above the $10B+ # we heard buyside was at although some bulls wanted something closer to $11.