Broadcom Stock Drops After Strong Earnings -- Time to Buy?

Published June 23, 2026 · Category: Finance

Overview

Few artificial intelligence (AI) semiconductor stocks have had a better run than Broadcom (NASDAQ: AVGO) during this current bull market. The stock has posted an average annualized return of 67% over the past three years, which stacks up favorably with Nvidia, Intel, Advanced Micro Devices, and other leading chipmakers.

Broadcom stock dropped about 15% in the first quarter due to its high valuation and concerns about margin compression heading into the year.

Details

But since April, it spiked 55% to reach $481 per share on June 2, leading up to the second-quarter earnings release on June 3. But since then, the stock has plummeted 21% to $380 as of June 23.

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Source

Originally published at www.fool.com.

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