Broadcom (AVGO.US) Stock Price, Quote & News

Aug, 14

Broadcom declined 5.8% to $393.61 today, caught under three concurrent headwinds: escalating market anxiety over risks associated with AI financing platforms, institutional portfolio deleveraging with Mubadala fully dissolving its stake thereby signaling reduced risk appetite, and GPU/CPU sector divergence as AMD rallied over 5%. Intraday selling pressure peaked at 6.9%, with the stock reaching a low of $388.82. Notably, underlying fundamentals remain robust—Q2 revenue of $22.187 billion (up 47.87% year-over-year) and net profit of $9.31 billion (up 87.51% year-over-year) sustained a 41.96% net margin, indicating unabated operational momentum. Now trading 20.61% below its $495 52-week peak and below both 20-day and 60-day moving averages, the stock has nevertheless posted a 13.05% year-to-date gain, implying the selloff predominantly reflects near-term profit-taking rather than deterioration in fundamentals.

Aug, 13

Broadcom closed marginally higher at $417.82 (+0.42%) after an intraday surge to $424.49 exposed the tension between sector momentum and valuation headwinds. During regular trading, the stock gained over 2% in tandem with broad GPU/CPU semiconductor strength—Nvidia rose nearly 2%, AMD gained 2%, and Marvell Semiconductor climbed 5.77%—as a key supplier within the chip supply chain. The midday rally faded approaching the close, reflecting profit-taking pressure on stretched valuations: P/E of 67.8 and P/B of 22.67. While earnings momentum remains compelling (Q2 revenue jumped 47.87% YoY to $22.19 billion, net profit surged 87.51% YoY to $9.31 billion), the stock has already advanced 20.19% year-to-date and sits just 15.59% below its 52-week high of $495, limiting near-term upside as valuation concerns dominate sentiment.

Aug, 12

Broadcom shares experienced a high-open-low-close session, rising from $418.24 in pre-market to a peak of $426.33, before declining sharply to $414.67 intraday and closing at $415.75, representing a decline of approximately -2.46%. Recent strength in the GPU/CPU sector continues, yet AVGO's pullback reflects profit-taking pressure following prior gains. The company's CEO recently reaffirmed a $100 billion AI revenue forecast, underscoring confidence in long-term growth prospects. Q2 2026 earnings demonstrated robust profitability: EPS of $1.91 (up 85.44% YoY), revenue of $22.187 billion (up 47.87% YoY), and net profit of $9.31 billion (up 87.51% YoY). From a valuation perspective, the current price of $416.05 is down 15.95% from the 52-week high of $495 but up 19.69% year-to-date and trading above its 20-day ($396.21) and 60-day ($398.81) moving averages. However, the valuation remains elevated with a P/E of 67.52 and P/B of 22.57.

Aug, 11

Broadcom shares fell roughly 1.5% to $416.08 today, pressured by a broader semiconductor sector retreat—NVIDIA, AMD and other GPU/CPU peers also declined. However, AVGO peaked at $427.08 during pre-market trading, suggesting underlying confidence in the company's AI prospects remains intact. Recent results reinforced that case: Q2 2026 revenue hit $22.187 billion, up 47.87% year-over-year, while net income surged to $9.31 billion (up 87.51% YoY) on a net margin of 41.96%, validating CEO Hock Tan's reiterated $100 billion AI revenue target. From a price perspective, AVGO has risen 19.69% year-to-date and trades just 15.94% below its 52-week high of $495, sitting comfortably above both the 20-day and 60-day moving averages—a sign the long-term uptrend remains intact. Still, the stock's elevated PE multiple of 67.5x leaves limited room for further gains given its proximity to historic highs.

Aug, 10

Broadcom declined 1.25% to $422.40 as the GPU/CPU chip sector faced broad headwinds today, with peers such as Nvidia down nearly 2% and Intel off almost 3%. Though pre-market trading showed modest gains reaching $428.60, intraday momentum fizzled following the open, with the stock pulling back sharply from a high of $432.31 (ET 10:10 AM) to a low of $420.70 (ET 12:41 PM), representing a 2.8% intraday swing. Underlying fundamentals remain robust, as Q2 results sustained the company's growth narrative: EPS of $1.91 surged 85.44% year-over-year, while revenue reached $22.187 billion, up 47.87% YoY, driving net profit to $9.31 billion with a 41.96% net margin. Year-to-date the stock has gained 21.51%, trading 14.67% below its 52-week high of $495 but maintaining ground above its 20- and 60-day moving averages. The current PE of 68.5x reflects lofty growth expectations, potentially limiting upside amid sector volatility.

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