Broadcom shares slide despite beating Q2 earnings estimates and raising Q3 guidance above Wall Street forecasts

Broadcom (AVGO) beat fiscal second quarter earnings estimates and released third quarter guidance that outpaced Wall Street forecasts, yet shares declined in Wednesday extended hours trading.

CFRA Research senior vice president Angelo Zino commented on Broadcom's earnings results and the durability of gains for 'downstream winners' of the AI infrastructure buildout.