Broadcom Stocks Fall 4.59% as 24% Weekly Rally Cools Before Nvidia Results Khac Phu Nguyen Fri, November 13, 2026 at 12:22 PM EST 1 min read AVGO -5.05% NVDA -2.91% AMD -10.15% 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 (NASDAQ:AVGO) shares dropped 4.59% to $347.64 as of 9:53 a.m. ET in Friday's regular session on November 13, cooling a rally that lifted the shares 24% this week through Thursday. Thursday's 5.54% jump came as investors shifted money toward Nvidia rivals after Jensen Huang resigned.
Warning! GuruFocus has detected 3 Warning Sign with AVGO.
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The move tracks the same rotation that lifted AMD. Mizuho's Farzin Azam named Broadcom as a winner from Nvidia's leadership turmoil, and Michael Burry (Trades, Portfolio)'s Substack post flagged Broadcom and AMD as potential beneficiaries if Nvidia's grip weakens. Burry is still betting on lower chip prices overall through Nasdaq 100 and semiconductor ETF puts. Even after Friday's dip, the shares sit about 18% above where they started the week, based on the 24% gain to Thursday's $364.36 close.
Broadcom's angle differs from AMD's. It designs custom AI accelerators for large cloud customers, so its growth depends less on beating Nvidia head-on and more on hyperscalers building their own chips. The GuruFocus chart shows a GF Score of 98/100, driven by elite profitability and strong momentum, with a balance sheet that is solid but not spotless. GF Value is $449.57, putting the shares 22.7% below GuruFocus's estimate with a "Modestly Undervalued" label. That gap survived a 24% week, which says the model still sees room. The next test is Nvidia's guidance on Tuesday, then Broadcom's own quarterly report expected in December.
