Broadcom (AVGO) shares fell 5.43% on January 20, 2026, driven by a wider semiconductor sector pullback following disappointing fourth-quarter guidance from Intel and concerns over elevated AI-related costs.
- The weakness reflects broader market concerns regarding the valuation of AI infrastructure demand growth, despite strong underlying demand for connectivity chips used in AI computations.
- The stock remains under sector-wide pressure, trading approximately 9% below its recent peak of $351.71.
- AVGO closed at $320.05 on January 23, with no company-specific announcements emerging to reverse the downward momentum.