Cathie Wood Is Buying the Dip in Broadcom Stock

Broadcom (AVGO) stock tumbled 12.6% intraday on June 4, after the company delivered its Q2 FY2026 results on June 3. While there were no explicit signs of a slowdown, investors wanted more from the company regarding its AI revenue forecast.

Highly renowned investor Cathie Wood, known for her focus on high-tech companies, bought 22,000 shares of Broadcom worth $5.90 million. Wood’s Ark Invest investment machine is capitalizing on the dip, after the stock shot up to a high earlier this month, after the company showcased its Edge AI portfolio designed to enhance the smart-home experience. 

We take a closer look at Broadcom at this juncture…

About Broadcom Stock

Broadcom is a global technology firm headquartered in Palo Alto, California, with a market value of $1.857 trillion. The company designs and provides semiconductor and infrastructure software solutions for data centers, networking, broadband,…