NEW YORK, December 31, 2025, 16:31 ET — After-hours
- AVGO down 1.1% at $346.10 in after-hours trading.
- SEC Form 4 showed Broadcom’s chief legal officer sold 25,921 shares.
- Chip stocks drifted lower in thin year-end trading ahead of the New Year’s Day market holiday.
Broadcom (AVGO) shares were down 1.1% in after-hours trading on Wednesday at $346.10, after swinging between $345.43 and $350.94 during the regular session. The move followed a regulatory filing disclosing stock sales by a top executive.
Thin year-end liquidity kept technology stocks on a tight leash in the final trading session of 2025, with U.S. markets set to close on Thursday for New Year’s Day. “The last few days won’t have so much bearing on next year,” said Giuseppe Sette, co-founder and president of Reflexivity, describing profit-taking when liquidity is low. Reuters
Broadcom sits near the center of the artificial-intelligence data-center buildout, but investors have been parsing whether the boom comes with a margin hit. The company said this month it expects first-quarter gross margin to fall about 100 basis points—one percentage point—sequentially because of a higher mix of AI revenue, even as it forecast revenue of about $19.1 billion and cited a $73 billion backlog it expects to ship over the next 18 months.
A Form 4—an SEC document insiders file after trading their company’s shares—showed Chief Legal and Corporate Affairs Officer Mark David Brazeal sold 25,921 shares on Dec. 26 at a weighted average price of $352.072 per share, in trades ranging from $352.01 to $352.27. The filing put his holdings at 240,573 shares after the transaction, including restricted stock units.
Semiconductor stocks were broadly lower into the close, with Nvidia and AMD down about 0.5% and Marvell off about 2%, while the iShares Semiconductor ETF fell about 1.2%.
Insider sales are common for executives, but they can add friction during a holiday week when volumes are thin. Brazeal’s sale price also sits above where Broadcom traded on Wednesday.
Traders heading into 2026 are watching whether Broadcom can keep AI growth strong while limiting pressure on gross margins. The company sells custom AI chips—often called ASICs, or application-specific integrated circuits, designed for a narrow workload—along with networking components that link data centers together.
After the New Year’s Day holiday, investors will get a clearer read on risk appetite once liquidity returns. Traders will watch whether chip names regain momentum and how rates-sensitive tech reacts to early-January economic data.
Broadcom’s next major catalyst is its fiscal first-quarter earnings report, which Yahoo Finance’s calendar lists for March 4 after the close. Any update on AI semiconductor revenue, the shipping schedule for the backlog and gross-margin guidance will likely set the tone for the stock.
For now, Broadcom is trading below the $350 mark that capped the stock in Wednesday’s session, leaving that level in focus for short-term traders. Further SEC filings, analyst rating shifts or customer spending signals are the most immediate swing factors.
