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Broadcom shares fall on AI selloff, but valuation remains attractive amid strong data center demand.

Market News
06 Nov 2026, 16:15 WIB
Seeking Alpha
View Source
Bullish
Broadcom shares fall on AI selloff, but valuation remains attractive amid strong data center demand.

Broadcom Inc. shares have dropped significantly due to market panic following the recent midterm elections and concerns over AI-related investments. Despite this selloff, the company's valuation at 15 times this year's earnings is considered attractive. Major tech companies like Amazon and Alphabet plan to increase data center investments, which supports Broadcom's growth outlook. Potential regulatory changes affecting hyperscalers' costs are not expected to materially impact chipmakers like Broadcom.

Broadcom Inc. shares are trading at USD 304.51 on Pluang as of Nov 06, 2026 21:31 WIB, showing a strong 1-day gain of 4.45%. This price is closer to the 52-week low of USD 291.53 than the 52-week high of USD 481.57, highlighting a significant range in recent performance. Despite the recent market panic, the stock's valuation and dividend yield of 0.89% may attract investors looking for value in the technology sector.

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