AVGO

Broadcom Inc. AVGO logo

NASDAQ Technology

$370.92

-3.76 (-1.00%)

Updated: 7/17/2026, 8:55:00 PM

Open

$366.05

High

$377.23

Low

$358.07

Prev Close

$374.45

Volume

18.25M

Price History

Why Is AVGO ▼ Down Today?

-1.00%

Broadcom Shares Decline Amid Broader Tech Sector Weakness

Broadcom (AVGO) shares fell by over 1% today, underperforming the sector average decline. This movement occurred as the broader technology sector, particularly chip stocks, experienced an extended sell-off, contributing to negative market sentiment for the company.

Key Drivers

Tech Sector Sell-Off

The broader technology sector, especially memory chip stocks, faced an extended sell-off today, contributing to negative sentiment for Broadcom.

Generated by Highly Regarded's proprietary market analysis engine. Not financial advice.

Jul 17 ▼ -1.0% Broadcom Shares Decline Amid Broader Tech Sector Weakness

Jul 16 ▼ -4.9% Broadcom Drops Amid Continued Chip Sector Sell-Off

Jul 15 ▲ +1.3% Broadcom Rises on Strong AI Chip Spending Projections

Jul 14 ▲ +1.3% Broadcom (AVGO) Rises, Outperforming Sector Amid Strong AI Demand and Positive Analyst Sentiment

Jul 13 ▼ -4.2% Broadcom Shares Decline Amid Sector Weakness and AI Chip Competition

Jul 10 ▼ -0.3% Broadcom Dips Slightly Amid AI Chip Sector Pullback

Jul 9 ▲ +3.2% Broadcom Surges on Apple Partnership and New AI Growth Phase

Jul 8 ▲ +4.8% Broadcom Surges Over 4% on Decade-Long Apple Silicon Partnership

Jul 7 ▼ -0.8% Broadcom shares dip slightly after Erste Group downgrade

Jul 6 ▲ +3.8% Broadcom Surges on Extended Apple Partnership and Broad Semiconductor Rally

Jul 3 — +0.0% Broadcom (AVGO) sees no trading activity on holiday-shortened week

Jul 2 ▼ -2.4% Broadcom Shares Decline Significantly, Underperforming Sector

Jul 1 ▼ -2.5% Broadcom Shares Decline Amid Sector Underperformance and AI Stock Scrutiny

Jun 30 ▲ +1.3% Broadcom (AVGO) Posts Modest Gains Amidst Sector Strength

Jun 29 ▲ +2.0% Broadcom Climbs, Outperforming Sector on Billionaire Investor Rotation

Mar 31 ▲ +2.5% Broadcom (AVGO) Rises on AI Optimism, Outperforming Sector

Mar 30 ▼ -2.5% Broadcom (AVGO) Declines Amidst Sector Weakness

Mar 27 ▼ -2.8% AVGO Declines Amidst Sector Weakness

Mar 26 ▼ -2.9% Broadcom (AVGO) Down Amid Tech Sector Rotation and Profit-Taking

Mar 25 ▲ +0.2% Broadcom (AVGO) Up Slightly Amidst Mixed Signals

Mar 24 ▼ -0.2% AVGO Slightly Down Amidst Sector Weakness

Mar 23 ▲ +3.8% Broadcom (AVGO) Climbs on AI and Product Execution

Mar 20 ▼ -2.7% AVGO Declines Amidst Sector Weakness and AI Stock Reassessment

Mar 19 ▲ +1.2% AVGO Up Slightly Amidst Positive Sector Sentiment

Mar 18 ▼ -1.9% Broadcom (AVGO) dips amid valuation concerns, despite AI progress

Mar 17 ▼ -1.1% Broadcom (AVGO) Dips Slightly Amid Sector Weakness

Mar 16 ▲ +0.8% Broadcom (AVGO) Up Slightly Amidst Positive AI Outlook

Mar 13 ▼ -4.3% Broadcom (AVGO) Drops Amidst Sector Weakness

Mar 12 ▼ -1.6% Broadcom (AVGO) Down Slightly Despite Positive News

Mar 11 ▼ -0.3% AVGO dips slightly amid broader market concerns, despite AI tailwinds

Financial Highlights

TTM 2025

Income Statement

Revenue

$63.89B

Gross Profit

$43.29B

67.8% margin

Operating Income

$25.48B

39.9% margin

Net Income

$23.13B

36.2% margin

EPS (Diluted)

$4.77

R&D Spend

$10.98B

Balance Sheet

Total Assets

$171.09B

Total Liabilities

$89.80B

Stockholders' Equity

$81.29B

Cash Flow

Operating Cash Flow

$27.54B

Investing Activities

-$580.0M

Net Cash Flow

$6.83B

SEC filing dated December 18, 2025. Source: Polygon.io / SEC EDGAR.

Highly Regarded Analysis

Updated Jul 17, 2026 • Refreshes daily

Rating

Highly Regarded

Risk

High

Target

$504.00

Type

Standard

Executive Summary

Broadcom Inc. is a leading global technology company specializing in the design, development, and supply of semiconductor and infrastructure software solutions. The company's diverse product portfolio serves key markets including data centers, networking, broadband, wireless, storage, and industrial. Broadcom has demonstrated robust financial performance, significantly driven by its strong position in the AI semiconductor market. Recent growth has been propelled by increasing demand for custom AI accelerators and networking silicon from major hyperscalers, with strategic partnerships, including an extended chip deal with Apple through 2031. However, the company faces inherent risks related to customer concentration, potential shifts in AI capital expenditure by large clients, and broader macroeconomic uncertainties.

Bull Case

The bull case for Broadcom is predicated on its continued dominance and leadership in the rapidly expanding AI infrastructure market. CEO Hock Tan anticipates 'insatiable' demand for AI XPU and networking, projecting 2027 AI revenue to 'very easily' exceed $100 billion. The company benefits from confirmed multi-gigawatt commitments from major AI players like OpenAI, Anthropic, Meta, and Google, providing robust revenue visibility into 2028. The long-term $30 billion chip supply partnership with Apple through 2031 further stabilizes future revenue streams. Broadcom's strategic diversification across six core custom-silicon customers mitigates reliance on any single hyperscaler, strengthening its market position and potential for sustained growth, making it a 'next-Nvidia-caliber compounding story.'

Bear Case

The bear case centers on several key risks. Broadcom's high trailing P/E ratio of 67 leaves little room for any 'AI capex disappointment,' meaning any slowdown in capital expenditure from hyperscalers could significantly impact the stock. The company faces considerable customer concentration, with a small number of large AI customers driving the bulk of its revenue and future growth, making it vulnerable to shifts in their spending or competitive threats. Recent reports of slowing custom chip orders and cyclical weakness in 'Non-AI' segments (storage and broadband) could drag on overall margin expansion. Macroeconomic headwinds, intense competitive pressures, and geopolitical uncertainties, particularly concerning its significant revenue-generating market in China, also pose considerable risks. Elevated total liabilities could also pressure financial flexibility.

Technical Outlook

Broadcom's stock has shown a strong upward trend over the medium to long term, trading within a rising trend channel. It has increased by 41% over the past year and 11.37% year-to-date. However, the stock has recently cooled from its 52-week high of $495.00. Short-term technical indicators, including RSI and moving averages, currently signal a 'Strong Sell,' indicating recent bearish momentum and potential for further short-term volatility. The stock's high beta coefficient of 2.60 suggests significant price fluctuations.

Fundamental Health

Broadcom exhibits strong fundamental health, reporting Q2 fiscal year 2026 revenue of $22.19 billion, a 47.9% increase year-over-year. The company has a consistent record of beating EPS estimates, with non-GAAP EPS reaching $2.44 in Q2 fiscal year 2026. A significant driver of this growth is AI semiconductor revenue, which surged 143% to $10.80 billion in Q2 fiscal year 2026. Broadcom maintains high profitability, with a net profit margin of 42.0% and a gross margin of 69.5% in Q2 fiscal year 2026. The company also generates strong free cash flow and boasts a high return on equity. While the trailing P/E ratio of 67 is high, the forward P/E of 21 suggests a more reasonable valuation relative to its projected growth. However, total liabilities stand at $91.47 billion, which warrants consideration.

Key Catalysts

Q3 fiscal year 2026 earnings report (expected September 8, 2026)
Continued 'insatiable' demand for AI XPU and networking solutions
Execution towards the $100 billion 2027 AI revenue target
Increased capital expenditure by hyperscalers on AI infrastructure
New partnerships and product innovations (e.g., OpenAI Jalapeño processor, Meta MTIA infrastructure)
Impact of VMware renewal cycles

This analysis was conducted by Highly Regarded's proprietary market analysis engine. It is not financial advice. Always do your own research and consult a financial advisor before making investment decisions.