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Broadcom (AVGO) Dips 20% Despite 143% AI Chip Revenue Surge

Motley Fool Read original source (opens in a new tab)
The Story

News Summary

  • Broadcom shares dropped over 20% amid AI sector correction despite strong fundamentals.
  • AI semiconductor revenue surged 143% YoY, driven by custom ASIC chip demand from Alphabet and Meta, positioning AVGO as a buy-the-dip opportunity.
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Stored market data

AVGO price history

361.99 -3.69% over the displayed period

Advisor Snapshot

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