Broadcom Is 24% Off Its High and Just Unveiled a Custom AI Chip With OpenAI. Time to Buy the Dip?
The partnership with AI's most-watched start-up has now unveiled silicon. Yet the stock is still on markdown.
Overview
Broadcom (NASDAQ: AVGO) has spent 2026 doing two things at once: posting some of the fastest growth of any large company in the market, and watching its stock sink anyway. Shares trade about 24% below their 52-week high of $495 as of this writing -- even after Broadcom and OpenAI unveiled Jalapeño, their co-developed artificial intelligence (AI) chip, in late June.
An accelerating business attached to a discounted stock is the raw material of every buy-the-dip debate. Is this one worth taking?
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Originally published at www.fool.com.
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