Broadcom shares are up 15% year-to-date despite recent volatility
Broadcom Inc. shares have experienced significant volatility over the past couple of days.
The company’s shares lost 12% between June 18th and July 2nd, but then gained 11% since then.
A $550 share price target was reiterated by Jefferies on June 30th, citing the company’s AI business as a key factor.
The Carillon Eagle Growth fund noted that Broadcom was weak in Q1 2026 due to higher inflation and lower spending on custom silicon.