Broadcom Stock Has Lost Nearly 40% From Its Record. I’d Buy It Now. | The Motley Fool

Broadcom Stock Has Lost Nearly 40% From Its Record. I’d Buy It Now. | The Motley Fool

By Daniel Sparks
Publication Date: 2026-11-08 15:23:00

Broadcom (AVGO +0.74%) shares finished Nov. 5 at $291.53, their lowest close since August 2025. That put the chip designer’s stock nearly 40% below the $481.57 record close it hit on June 2.

That day’s 10% loss came as chip stocks sold off broadly. The PHLX Semiconductor Index slid around 12%.

But the business behind the stock has grown a lot since it last traded this low. Quarterly revenue has almost doubled, and non-GAAP (adjusted) earnings per share have more than doubled.

In late October, with shares near $342, I said I’d ease into Broadcom stock slowly. In early November, at about $335, I said I’d still consider buying. By the Nov. 5 close, the price was about 13% lower, and nothing the company has said since has cut its outlook. At this price, I’d buy the stock now, without waiting for the December report.

Image source: The Motley Fool.

A bigger business at the same price

When Broadcom shares last closed this low, on Aug. 21, 2025, its latest report covered the fiscal second…