AVGO Stock Today: Broadcom Cools After 11% AI Rally as Google TPU Hype Meets Valuation Jitters
Broadcom shares fell 1.3% to around $373 by late morning Tuesday after surging 11.1% the previous day on news of its AI chip partnership with Google. The stock swung between $372 and $395 intraday. Broadcom’s market cap stands near $1.7 trillion. Analysts cited demand for Google’s Gemini 3 and custom Broadcom TPUs as key drivers.