Broadcom (NASDAQ:AVGO) has slid into a deep bear market, down roughly 25% from its year-to-date high even as the broader market shows no such strain.
The Nasdaq 100 and S&P 500 are both hovering near record levels, underscoring how sharply AVGO has diverged from its peers.
That divergence sets up a pivotal moment for the stock, as its September 2nd earnings report will test whether this pullback is a temporary setback or the start of something more troubling.
Broadcom’s Earnings Will Come Out on September 2nd
Broadcom stock has plunged in the past few months, even as its business continues firing on all cylinders. Its last earnings report showed that its revenue jumped by 48% in the second quarter to $22.1 billion. This growth was driven by its AI business, which revenue soared by 148% to over 148%.
