Broadcom ( AVGO -2.91%), the semiconductor company that's profited so much from the artificial intelligence (AI) revolution of late, saw its stock slump 3% through 10 a.m. ET this morning after reporting that it beat earnings last night... just barely.

Broadcom, a tech group valued at just $125 billion five years ago, is now one of three key AI suppliers. Broadcom, with a market cap of more than $1.2 trillion, trails Nvidia in terms of market value,

Broadcom’s overall guidance may not have wowed Wall Street after the stock’s big recent run, but “AI is strong and getting stronger,” one analyst noted.