Broadcom Inc. (AVGO) Stock Slides as Market Rises: Facts to Know Before You Trade

Broadcom Inc. (AVGO) Stock Slides as Market Rises: Facts to Know Before You Trade

By Zacks Equity Research
Publication Date: 2026-11-04 21:45:00

Broadcom Inc. (AVGO) ended the recent trading session at $325.48, demonstrating a -2% change from the preceding day’s closing price. The stock’s performance was behind the S&P 500’s daily gain of 1.58%. Meanwhile, the Dow gained 3.03%, and the Nasdaq, a tech-heavy index, added 1.44%.

Shares of the chipmaker have depreciated by 11.62% over the course of the past month, outperforming the Computer and Technology sector’s loss of 12.04%, and lagging the S&P 500’s loss of 1.97%.

Analysts and investors alike will be keeping a close eye on the performance of Broadcom Inc. in its upcoming earnings disclosure. In that report, analysts expect Broadcom Inc. to post earnings of $3.82 per share. This would mark year-over-year growth of 95.9%. In the meantime, our current consensus estimate forecasts the revenue to be $34.87 billion, indicating a 93.55% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks…