AVGO Stock Drops 20% From 52-Week High: Should You Buy on the Dip?

Key Takeaways AVGO shares fell nearly 20% from their high after issuing soft gross margin guidance for fiscal 2026. AI revenues surged 74% YoY in Q4, with a $21B order from Alphabet driving XPU momentum. AVGO's total backlog hit $162B in FY25, including $73B in AI, with strong demand for Tomahawk 6.Broadcom (AVGO) shares closed at $326.02 on Wednesday, down 19.7% from the 52-week high of $414.61, it hit on Dec.10. The decline can be attributed to AVGO’s soft gross margin guidance for fiscal 2026 due to high ...