As one of the world's top designers, developers and manufacturers of semiconductor and infrastructure software products, Broadcom Inc (NASDAQ:AVGO) has naturally enjoyed a strong performance in the market. Since the beginning of this year, AVGO stock gained almost 47%, easily outpacing the Nasdaq Composite's run of 18.43% during the same period. However, even Broadcom wasn't immune to recent downside pressure.
To be fair, the overall volatility so far hasn't been terrible compared to other big names in the innovation space. In the past five sessions, AVGO stock dipped about 4%, which isn't necessarily catastrophic. However, investors will note that since closing at an all-time high on Oct. 29, the security dropped by nearly 12%. Other semiconductor firms, such as Intel Corp (NASDAQ:INTC), have incurred a similar magnitude of erosion.
