Broadcom Inc. shares fell 0.75% on January 29, closing at $330.73, amid a broader tech sector decline driven by investor concerns over rising AI infrastructure costs reported by industry peers. Despite the drop, institutional analysts view the retreat as a necessary valuation reset.
- The company maintains a strong fundamental position supported by a $73 billion AI order pipeline.
- Analysts are optimistic, citing a forecast for doubling AI revenue by 2026.