By Keithen Drury, The Motley Fool
Publication Date: 2026-06-10 21:29:00
Broadcom (NASDAQ: AVGO) was one of the better-performing artificial intelligence (AI) stocks of 2026, up by almost 40% year to date — until June 3, when it reported its fiscal Q2 earnings. Following that report, Broadcom’s stock heavily sold off and is down nearly 20% from its all-time high. While it’s still in positive territory for the year, it has suffered a major reversal.
Was what Broadcom said really that bad? Or is there another force at play here?
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Broadcom’s new business unit looks like it’s in solid shape
Broadcom is really a tale of two companies. Broadcom’s legacy core business consisted of various software products, along with some computing hardware. However, the part of the operation most…
