Broadcom Stock After the Bell: AVGO Pulls Back From Highs Even as Wall Street Lifts AI-Driven Price Targets
Broadcom shares fell over 4% to close at $386 on Monday, December 1, retreating from last week’s record high near $403 despite no new company news. The drop came as Bank of America, Morgan Stanley, and UBS raised their price targets, citing AI chip demand and the VMware deal. After-hours trading showed no major reversal. Broadcom’s market cap stands near $1.9 trillion.