Broadcom Is 26% Below Its High. What $10,000 Bought a Decade Ago, and When the Gains Landed.
Twenty-two times the money in 10 years -- with nearly nine-tenths of the gain packed into the last four of them.
Broadcom's stock has experienced a significant decline of around 26% from its 52-week high of $495, currently trading at approximately $369. This recent downturn followed the company's Sept. 2 fiscal third-quarter report, where it reported record results but fell short of Wall Street's expectations for fourth-quarter revenue guidance, settling at around $34.8 billion.
To put this into perspective, a decade ago in early September 2016, Broadcom shares closed at $16.08, adjusted for the 10-for-1 stock split in 2024. Fast forward to last week, those shares were trading at $357.89, a staggering 22 times the price from a decade ago. With a $10,000 investment made at that earlier price, the stake would have grown to an approximate $222,000 value, excluding any dividends.
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