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Anushka Dutta

Cathie Wood Is Buying the Dip in Broadcom Stock

Broadcom Cathie Wood Broadcom Stock AVGO Jefferies VMware

Broadcom (AVGO) stock tumbled 12.6% intraday on June 4, after the company delivered its Q2 FY2026 results on June 3. While there were no explicit signs of a slowdown, investors wanted more from the company regarding its AI revenue forecast.

Highly renowned investor Cathie Wood, known for her focus on high-tech companies, bought 22,000 shares of Broadcom worth $5.90 million. Wood’s Ark Invest investment machine is capitalizing on the dip, after the stock shot up to a high earlier this month, after the company showcased its Edge AI portfolio designed to enhance the smart-home experience.

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