Can Broadcom (AVGO) Regain Momentum After 6% Dip Post-Stock Split?

Broadcom (AVGO) shares have declined 6.3% since its 10-for-1 split on Jul 15. The dip can be attributed to the cooling of the AI-fueled rally on semiconductor stocks. Investors became apprehensive about the prospects of its AI chips.Over the same timeframe, shares of AVGO peers NVIDIA (NVDA) and Advanced Micro Devices (AMD) have dropped 8.9% and 19.7%, respectively, again attributable to growing investor concern over AI-related spending.However, AMD’s latest second-quarter 2024 results reflected continued s ...