1 Artificial Intelligence (AI) Stock-Buyback Stock to Buy Hand Over Fist During the Nasdaq Sell-Off

Group 1: Market Overview - Artificial intelligence (AI) stocks are experiencing a decline as the Nasdaq Composite has fallen 7.5% since the announcement of new tariffs on April 2 [1] - The volatility in the stock market is particularly affecting technology stocks due to fear and uncertainty surrounding the tariff agenda [1] Group 2: Company-Specific Insights - Broadcom's shares initially dropped as much as 20% following the tariff news but have since rebounded, currently down less than 1% [2] - The company's recent announcement of a $10 billion stock buyback program through December 31 has contributed to the recovery of its shares [2][10] - Despite the recent recovery, Broadcom's stock is still down 26$260 billion on AI infrastructure in 2025 [7] - Broadcom is already collaborating with some of these hyperscalers, positioning itself to benefit from the rising demand for networking and custom silicon services [7] - Meta Platforms plans to increase its capital expenditures by 67% to $65 billion this year, focusing on designing its own silicon and working with Broadcom, which is a positive indicator for Broadcom's future prospects [7] Group 4: Valuation and Investment Considerations - The ongoing sell-off has brought Broadcom's valuation to its lowest level in about a year based on a forward price-to-earnings (P/E) multiple, suggesting the stock may be oversold [9] - The current$10 billion buyback program is expected to lead to share repurchases over the next eight months, which could support the stock price [10] - Given the robust prospects from ongoing infrastructure spending by major AI players, Broadcom's stock appears to be a bargain despite near-term volatility from tariffs [11]