Broadcom Shares Tumble 3.65% on $6.42 Billion Volume Ranks Ninth as Earnings Test Looms

On August 29, 2025, Broadcom (AVGO) shares fell 3.65% with a trading volume of $6.42 billion, ranking ninth in market activity. The stock’s performance reflects investor sentiment ahead of its upcoming quarterly earnings report on September 4.

Broadcom’s AI-driven semiconductor and networking business remains a key growth driver. Recent results highlighted a 46% year-on-year increase in AI-related revenue, with data center solutions and custom ASICs supporting hyperscale operators. Analysts note the company’s strategic position in AI infrastructure, with HSBC upgrading its price target to $400, reflecting optimism about sustained demand.

Despite recent insider sales, including a 7.65% reduction in CEO Hock Tan’s holdings, institutional ownership remains strong. Institutional investors hold 76.43% of shares, with recent purchases from wealth management firms and hedge funds. However, the stock’s elevated valuation, trading at 36 times next-year earnings, underscores reliance on continued growth execution.

Historical data indicates a 58% probability of a post-earnings rally following Broadcom’s quarterly reports. Of 42 analysts surveyed in August, 93% recommend the stock as a buy or strong buy, with a consensus price target of $301.79. The upcoming September 4 report will be pivotal in validating expectations for $15.8 billion in Q3 revenue and 27% EBITDA growth.