Broadcom Just Gained 25% in a Week: Take Profits, or Buy More? Wiltone Asuncion Fri, November 13, 2026 at 4:05 AM EST 3 min read AVGO -2.09% NVDA +0.90% AMD -2.36% GOOGN 0.00% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Broadcom stock is up 25% in the past week as chip stocks rebounded and Nvidia's CEO exit sent investors to rivals like AMD.
Nvidia's turmoil gives AI buyers a reason to want a second supplier, and Broadcom helps design and supplies Alphabet's custom TPU chips.
Broadcom guides fiscal fourth-quarter revenue up 93%, though it leans on a handful of big AI customers.
The stock still trades below its five-year average forward P/E, which makes a case for buying before its Dec. 9 report.
Broadcom (AVGO:NASDAQ) stock is up 25% in the past week, from $291.53 on Nov. 5 to $364.36 at the Nov. 12 close, though its only company news was setting Dec. 9 as its earnings date.
Instead, chip stocks bounced back from a post-election rout, and a leadership crisis at Nvidia (NVDA:NASDAQ) sent investors to its rivals, led by Advanced Micro Devices (AMD:NASDAQ), up 45% over the same week. Broadcom has its own angle, too: it helps design and supplies the custom TPU chips Alphabet (GOOGL:NASDAQ) uses at Google.
Nvidia's board said on Nov. 8 that it would investigate reports that CEO Jensen Huang had been the target of a foreign intelligence effort, and he resigned before the Nov. 12 open. A CEO search days before Nvidia's Nov. 17 report gives its big buyers a reason to line up a second source.
AMD is the obvious one. But CEO Lisa Su said on AMD's third-quarter call that "demand is higher than supply," so buyers that want a backup soon can also turn to custom chips. Alphabet's Google unveiled two new TPU systems on Nov. 9, and Broadcom's deal to supply Google's TPUs and networking chips runs as late as 2031.
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In its fiscal third quarter, ended Aug. 2, Broadcom's revenue rose 86% to $29.6 billion, with AI chip revenue up 221%. It guides fourth-quarter revenue up 93% to about $34.8 billion, $21.7 billion of it from AI, and analysts expect normalized EPS to nearly triple from fiscal 2025 to fiscal 2027:
Yet the stock traded at 20x forward earnings on Nov. 11, under its five-year average of 24x:
And Wall Street's $533 consensus target sits about 46% above the Nov. 12 close.
The risk is concentration: management counts six custom AI chip customers, and Google widened a custom-chip deal with Marvell in August, taking a warrant to buy up to $12.2 billion of Marvell stock. Still, buying more here looks better than taking profits, since Nvidia's turmoil gives AI buyers one more reason to design their own chips. Of course, a CEO change won't move orders overnight, and Broadcom still has to deliver on its $21.7 billion AI guidance on Dec. 9.
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