Even with better-than-expected earnings and revenue, Broadcom slid on Friday as investors continued to grow concerned about the AI trade.

Investors were apparently not satisfied with Broadcom CEO Hock Tan's answer to an important question.

The quarter looked pretty down the fairway, with beats across key line items — the membership renewal rate.

Broadcom's stock is near an all-time high and has climbed 75% so far in 2025 as the company benefits from booming demand for AI infrastructure.

Costco on Thursday surpassed Wall Street's quarterly expectations as its sales rose 8.2% year over year.