Should You Buy the Dip on Broadcom Stock?

Broadcom stock fell nearly 20% from its all-time high following its fiscal Q2 earnings report on June 3, 2026, despite strong AI semiconductor revenue growth of 143% year-over-year to $10.8 billion. The sell-off occurred because management provided similar guidance to the previous quarter, disappointing investors who had priced in higher expectations. While the stock's valuation has become more reasonable at 20x 2027 earnings (down from 40x forward earnings), analyst Keithen Drury views the current price as a buying opportunity given the projected AI data center build-out through 2030.