Broadcom (AVGO) shares fell 20.5% over the three months to November 3, 2026, while the S&P 500 slipped 1.7%, leaving the stock 30.8% below its June closing high. The article notes Broadcom has weathered 13 market shocks since 2009, with an average drop of 18.7% versus 13.5% for the index, and has regained its pre-fall high after all 12 declines, with a median wait of 1.4 months from the low. Revenue for the four quarters ended August 2, 2026 reached $89.1 billion, up 48.7%, with a 48.5% operating margin and total debt of $59.4 billion. Risks noted include limited AI chip supply, financing support for OpenAI and Anthropic with maximum exposure of about $29 billion on the first tranche, and fiscal fourth-quarter gross margin guidance of about 73%, down from 78% a year earlier.
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