Broadcom Inc (AVGO · NASDAQ)

Broadcom shares fell 4.5% to $328.75, extending a 16.1% three-month decline that has left the stock 31.5% below its 52-week high and 10.4% under its 200-day moving average, even as the company beat estimates in all four of its last quarters, including $3.03 versus $2.83 expected for the quarter ended July 31, 2026. Fundamentals remain strong: quarterly revenue climbed from $18.02B in October 2025 to $29.59B, trailing-twelve-month revenue reached $89.10B with 85.5% year-over-year growth, and the quarter produced $13.66B in free cash flow against $59.42B in total debt (1.1x debt/EBITDA). The stock trades at a $1.57T market cap with a P/E of 43.31, a PEG of 0.361, and an analyst target of $527.59, though the broader semiconductor sector is under pressure from inflation data and chip-sector selling.