Broadcom Stock Has Had Only 2 Losing Years Since 2009. 2026 Is on Pace to Be the 3rd.
After the last two, the stock rose 24% and then almost doubled. Can it rebound like that again?
Broadcom (AVGO) stock has only had two losing years since its listing in 2009, with 2026 on track to be the third. Currently trading around $300, the chip designer is about 13% below its 2025 close of $346.10. While the 2026 drop is rare for this stock, analysts are wary about whether this year's decline will follow the pattern of previous years.
In 2018 and 2022, Broadcom outperformed the S&P 500, with revenue and free cash flow experiencing strong growth. This year, the S&P 500 is up around 9%, which would make a loss for Broadcom the first since its debut. However, Broadcom's business is growing faster than during those slower years, with AI semiconductor revenue surging 221% in the fiscal third quarter of 2026 alone.
With guidance for fiscal 2027 AI revenue to double to around $115 billion, there is potential for a rebound. However, the current lower starting price and lack of a cheap valuation price tag may make this a risky play for some investors.
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