Broadcom (AVGO) shares fell 1.67% to $320.05 on January 23, 2026, as the broader semiconductor sector pulled back following Intel's disappointing fourth-quarter earnings report and cautious forward guidance.
- The stock faces significant valuation headwinds, with a discounted cash flow model suggesting it is approximately 13% overvalued at current levels.
- Broadcom's P/E ratio of 66.73x is notably higher than the semiconductor industry average of 43.92x.
- Despite the recent decline, the stock remains up 36.7% over the past year, and analyst sentiment for 2026 prospects remains constructive.