By Eric Bleeker
Publication Date: 2026-02-15 13:45:00
Broadcom closed Friday trading at $325.17, down 2.3% for the week. While the semiconductor sector gained ground with the SOXX ETF climbing 1.8%, Broadcom (NASDAQ:AVGO) moved against the tide.
Year-to-date, shares are down 6.1% even as the broader chip complex rallies.
Let’s look at Broadcom’s week in more depth. Three top stories suggest while the company’s share price has trended south in 2026, the actual news behind the company has been very positive.
ARK Invest Puts $27 Million Behind Custom Silicon
Cathie Wood’s ARK Investment Management acquired 87,148 shares of Broadcom totaling $27 million this week, according to Finviz. The timing matters. ARK doesn’t chase momentum in established semiconductor names without a specific thesis, and the thesis here is custom AI accelerators.
Jefferies reiterated its Buy rating with a $500 price target, pointing to Broadcom’s competitive advantage in custom on-package business for AI chips. The kicker: Jefferies expects…