After falling more than 25% to below $300 per share, semiconductor giant Broadcom (NASDAQ: AVGO) has staged a sizable recovery. Now trading near $400, the stock is up more than 10% in 2026 and has rebounded more than 30% from its 2026 lows.
In early April, Broadcom expanded its artificial intelligence (AI) chip partnerships with Google parent company Alphabet (NASDAQ: GOOGL) and Anthropic, jolting the stock. Around a week later, Broadcom announced the expansion of its partnership with another massive customer: Meta Platforms (NASDAQ: META).
