Broadcom stock is down 21% from June peak: why one bull still sees 55% upside

Broadcom (AVGO) shares are down ~21% from the early-June peak despite it posting the fastest AI growth among semiconductor peers. The stock closed Tuesday at $380, down 3.2% on the day, versus the June 2 record close of $481.57, signaling cautious investor positioning despite strong AI momentum.

Analysis

Broadcom (AVGO) shares are down ~21% from the early-June peak despite it posting the fastest AI growth among semiconductor peers. The stock closed Tuesday at $380, down 3.2% on the day, versus the June 2 record close of $481.57, signaling cautious investor positioning despite strong AI momentum.