Should You Buy Broadcom Inc. (AVGO)’s Shares?

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Best Stocks to Buy in 2026 According to Billionaire D.E. Shaw.

Semiconductor designer Broadcom Inc. (NASDAQ:AVGO)’s shares have been quite volatile over the past couple of days. While they are up by 15% year-to-date, they lost 12% between June 18th and July 2nd, only to gain 11% since then. On June 30th, Jefferies discussed Broadcom Inc. (NASDAQ:AVGO) as it reiterated a Buy rating and a $550 share price target. It discussed the chip company’s AI business and outlined that Broadcom Inc. (NASDAQ:AVGO) was benefiting from increased visibility into future earnings. Jefferies added that the firm’s Tensor AI chip business with Google was also doing well.

Broadcom Inc. (NASDAQ:AVGO)’s AI chip demand was at the center of a 19.5% share price drop between June 3rd and 5th as it failed to raise its revenue guidance for the products. Erste Group downgraded the shares to Hold from Buy on July 7th and outlined that it believed that the current share price levels reflect most of the firm’s valuation.

Should You Buy Broadcom Inc. (AVGO)’s Shares?

For illustration purposes only. Photo from Pixabay/Pexels

Carillon Eagle Growth fund discussed Broadcom Inc. (NASDAQ:AVGO) in its Q1 2026 investor letter:

Broadcom was weak for the quarter as higher inflation led investors to fear a slowdown in hyperscaler spending. This ed to lower spending on custom silicon, the main reason for Broadcom’s strength over the last couple of years. We believe Broadcom still has some of the best tech in the space and will be one of the biggest winners from AI.

While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1