Broadcom (AVGO) saw its stock price drop significantly in after-hours trading, falling 6.11% to $310.87, despite the lack of any new company-specific news reported on February 02, 2026.
- The decline aligns with broader tech sector pressure and a market rotation toward defensive stocks.
- The stock recently received an upgrade from Wolfe Research to Outperform with a $400 price target, citing expectations for AI revenue to double by 2027.