Broadcom shares traded lower Friday following a mixed set of fiscal second-quarter earnings that should still underscore the semiconductor and software company’s compelling position in the artificial-intelligence-investment race.

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.

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.