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Markets · Investing · Business
Finance
Broadcom Stock Is Back Where It Ended 2025, but Its Earnings Are About 43% Higher. Is It a Buy?
The chip designer's AI forecast has only risen since the stock peaked in June. Has the sell-off gone too far?
Broadcom(NASDAQ:AVGO) stock sits near $350 as of this writing, about 29% under its 52-week high of $495. Much of that drop came the day after the chip designer's June 3 earnings report. Shares fell about 13% that session as investors reacted to CEO Hock Tan's decision not to lift the company's artificial intelligence (AI) chip forecast.
But the forecast has moved since then, and it moved up.
Details
The company's profits have risen, too. Broadcom's non-GAAP (adjusted) earnings per share over the last four quarters are about 43% higher than in fiscal 2025. But the stock is back to about where it ended 2025.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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