{
  "id": 18966734,
  "title": "Broadcom Stock Has Lost Nearly 40% From Its Record. I'd Buy It Now.",
  "url": "https://urgent.news/2026/11/08/broadcom-stock-has-lost-nearly-40-from-its-record-id-buy-it-now",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-08T15:23:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/08/broadcom-stock-has-lost-nearly-40-from-its-record-i-d-buy-it-now/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Broadcom's stock price plummeted to $291.53 on November 5, marking a 40% decline from its June 2 record close of $481.57. Despite the market-wide decline in chip stocks, Broadcom's business fundamentals have improved since its last trading low. Revenue has nearly doubled and non-GAAP earnings per share have more than doubled. Broadcom's AI semiconductor revenue reached $16.7 billion in the fiscal third quarter of 2026, four times the $4.4 billion generated in Q2 2025. Free cash flow more than doubled as well, reaching $13.7 billion. Adjusted earnings per share more than tripled over the same period, indicating strong growth. Management forecasts revenue to increase 93% year-over-year for the fiscal fourth quarter ending November 1, with AI semiconductor revenue accounting for $21.7 billion. CEO Hock Tan projected Broadcom will supply another 5 gigawatts of AI computing capacity for fiscal 2027 and Alphabet's Google plans to deploy multi-tens of billions of dollars of Broadcom's AI chips annually over the next several years. While memory-heavy custom chips are compressing Broadcom's gross margins, the company still expects an adjusted operating margin of around 66%, flat compared to the previous quarter. Analysts estimate Broadcom's forward price-to-earnings ratio at approximately 15, suggesting the current stock price of $292 is under 10 times its expected fiscal 2028 earnings. Despite a potential sell-off after the fiscal fourth-quarter report, the author believes Broadcom's recent financial performance justifies the current price as a reasonable entry point.",
  "summary": "The AI chip giant's stock is back at its August 2025 price. Should buyers wait for December's results?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Broadcom Stock Has Lost Nearly 40% From Its Record. I'd Buy It Now.",
        "url": "https://urgent.news/2026/11/08/broadcom-stock-has-lost-nearly-40-from-its-record-id-buy-it-now-18967883",
        "published": "2026-11-08T15:43:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}