Broadcom (AVGO) shares fell 11.2% from their October 7, 2026 high to the October 20 close, with the steepest drop of 4.5% on October 16. Since 2010, Broadcom has had nine falls of over 20% within about six weeks; seven of them are more than a year old, and the shares were higher a year later in every case, with a median gain of 45%. Fiscal Q3 2026 revenue reached $29.6 billion, up 85.5%, with AI semiconductor revenue up 221% and operating margin at 54.3%. At the October 20 close, Broadcom traded at 41.6 times last twelve months' earnings, versus 23.0 for the S&P 500. Management expects fiscal Q4 2026 revenue of $34.8 billion, with results expected around December 9, 2026.
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Broadcomsemiconductorsvaluationartificial intelligence
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.47 |
| Change that session | -0.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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