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…
